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The multitask principal-agent theory argues that incentive devices for the agent tend to be complementary due to the need for balanced allocation of effort among the tasks. A growing body of empirical literature appears to support this notion. However, when there can be several signals for each...
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contracts. Our findings about the determinants of incentive devices in China support predictions of the agency theory and the …
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panel data set of CEO contracts from more than 300 state-owned enterprises in China, support most of the theoretical …
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This paper examines the impact of financial reporting practices on corruption obstacles for about 150,000 firms across … audited financial statements (AFS) and corruption obstacles (CO) faced by the firm. We argue that in a corrupt business …
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