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Incentive compability of dual transfer pricing
Carstens, Stefan; Weinem, Michael - 2000
We examine the implementation of efficient decisions about accepting a special order with asymmetric information by means of a dual transfer pricing mechanism based on Ronen and McKinney (1970). The model is designed in a simple fashion, two vertically related divisions within a firm...
Persistent link: https://www.econbiz.de/10010302269
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The Effect of Noise in a Performance Measure on Work Motivation
Sloof, Randolph; van Praag, C. Mirjam - 2008
than in the stable environment. This finding is in line with standard agency theory and contrasts a distinct element of … expectancy theory; noisier performance measures do not lower work motivation. …
Persistent link: https://www.econbiz.de/10010325762
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Intrafirm conflicts and interfirm price competition
Güth, Werner; Pull, Kerstin; Stadler, Manfred - 2011
We study interfirm price competition in the presence of horizontal and vertical intrafirm conflicts in each firm. Intrafirm conflicts are captured by a principal-agent framework with firms employing more than one agent and implementing a tournament incentive scheme. The principals offer premium...
Persistent link: https://www.econbiz.de/10010281682
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The crowding-out of work ethics
Grepperud, Sverre; Pedersen, Pål Andreas - 2001
This paper analyses optimal contracts in a principal-agent model where the agent is intrinsically motivated at the outset and there is an endogenous relationship between the structure of incentive payments and intrinsic motivation (crowding effects). The analysis shows that crowding effects have...
Persistent link: https://www.econbiz.de/10010290692
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Economic consequences of private equity investments on the German stock market
Achleitner, Ann-Kristin; Andres, Christian; Betzer, André - 2008
This paper investigates the wealth effects of private equity (PE) investor purchases of shares in German quoted companies. It is the first study to analyze these effects for the German market which is particularly interesting due to its distinct characteristics with regard to the ownership...
Persistent link: https://www.econbiz.de/10010305716
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Goal structures in family firms: empirical evidence on the relationship between firm and family goals
Achleitner, Ann-Kristin; Braun, Reiner; Schraml, Stephanie - 2009
characteristics, agency and stewardship theory are both useful in explaining the goals of the relevant systems of family and firm. …
Persistent link: https://www.econbiz.de/10010305727
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Foundations of Corporate Governance
Volonté, Christophe - 2012
, transaction costs theory, agency costs theory, legal investor protection, investor protection by corporate governance and its …
Persistent link: https://www.econbiz.de/10011390672
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Performance Measurement, Expectancy and Agency Theory: An Experimental Study
Sloof, Randolph; van Praag, Mirjam - 2007
noise in the performance measure. In contrast, expectancy theory as developed by psychologists predicts lower effort levels …
Persistent link: https://www.econbiz.de/10010325571
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Branded Entertainment im TV: Ein Bestimmungsversuch aus Sicht der Systemtheorie und der Prinzipal-Agent-Theorie und Handlungsempfehlungen für das Schnittstellenmanagement
Gerhards, Claudia; Ferschke, Stephanie - 2009
Prinzipal-Agent-Theorie herausgearbeitet und Handlungsempfehlungen für das Schnittstellenmanagement aufgezeigt. … parties under conditions of incomplete and asymmetric information are analysed with the help of the system theory and the … principal agent theory. Recommendations for the management of branded entertainment productions are given, while instruments …
Persistent link: https://www.econbiz.de/10010266111
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Performance measurement and incentive plans
Kauhanen, Antti; Napari, Sami - 2010
This paper explores performance measurement in incentive plans. Based on theory, we argue that differences in the … are consistent with theory. …
Persistent link: https://www.econbiz.de/10010273025