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Moral hazard and adverse selection : the question of financial structure
Darrough, Masako N. - In: The journal of finance : the journal of the American … 41 (1986) 2, pp. 501-513
Persistent link: https://www.econbiz.de/10001015097
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The relation between CEO compensation and past performance
Banker, Rajiv D.; Darrough, Masako N.; Huang, Rong; … - In: The accounting review : a publication of the American … 88 (2013) 1, pp. 1-30
Persistent link: https://www.econbiz.de/10009711751
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The Value of Pre-contract Information about an Agent's Ability in the Presence of Moral Hazard and Adverse Selection
Banker, Rajiv D. - 2019
We analyze the expected value of information about an agent's type in the presence of moral hazard and adverse selection. Information about the agent's type enables the principal to sort/screen agents of different types. The value of the information decreases in the variability of output and the...
Persistent link: https://www.econbiz.de/10012860920
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The Value of Precontract Information About an Agent's Ability in the Presence of Moral Hazard and Adverse Selection
Banker, Rajiv D. - 2020
We analyze the expected value of information about an agent's type in the presence of moral hazard and adverse selection. Information about the agent's type enables the principal to sort/screen agents of different types. The value of the information decreases in the variability of output and the...
Persistent link: https://www.econbiz.de/10012841554