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Yes, Managers Should Be Paid Like Bureaucrats

Frey, Bruno S.; Osterloh, Margit - Center for Research in Economics, Management and the … - 2004

. Agency theory?s insistence on linking the compensation of managers and directors as closely as possible to firm performance …

Persistent link: https://www.econbiz.de/10005162590

Agency theory: choice-based foundations of the parametrized distribution formulation

Karni, Edi - In: Economic Theory 36 (2008) 3, pp. 337-351

Persistent link: https://www.econbiz.de/10005370740

The Internal Governance of Firms

Acharya, Viral V; Myers, Stewart C; Rajan, Raghuram G - C.E.P.R. Discussion Papers - 2009

theory of investment and dividend policy, where dividends are paid by self-interested CEOs to maintain a balance between …

Persistent link: https://www.econbiz.de/10004980207

Do the contingencies of external monitoring, ownership incentives, or free cash flow explain opposing firm performance expectations?

Wright, Peter; Kroll, Mark; Mukherji, Ananda; Pettus, … - In: Journal of Management and Governance 13 (2009) 3, pp. 215-243

Persistent link: https://www.econbiz.de/10005029326

The Crowding-Out of Work Ethics

Grepperud, Sverre; Pedersen, Pål Andreas - Helseøkonomisk Forskningsprogram (HERO), Universitetet … - 2009

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/10005034708

The Structure of Incentives in a Major Information Systems Outsourcing Contract: The Case of a North American Public Organization

Aubert, Benoit A.; Patry, Michel; Rivard, Suzanne - Centre Interuniversitaire de Recherche en Analyse des … - 1995

We use agency theory to shed light on a complex, multi-year outsourcing contract between an important public … drawn that reduce the scope of supplier opportunism. Nous utilisons la théorie des mandats pour analyser un important et …

Persistent link: https://www.econbiz.de/10005100666

Board independence and firm performance: Evidence from Bangladesh

Rashid, Afzalur - In: Future Business Journal 4 (2018) 1, pp. 34-49

This study examines whether board independence influences firms' economic performance among listed firms in Bangladesh. By using data from 135 listed firms on Dhaka Stock Exchange and by using accounting and market performance measures, this study uses simultaneous equation approach to control...

Persistent link: https://www.econbiz.de/10011937828

Ownership concentration and bank profitability

Ozili, Peterson Kitakogelu; Uadiale, Olayinka - In: Future Business Journal 3 (2017) 2, pp. 159-171

We investigate whether ownership concentration influences bank profitability in a developing country context. We focus on bank ownership concentration measured as the amount of direct equity held by a majority shareholder categorised into: high ownership concentration, moderate ownership...

Persistent link: https://www.econbiz.de/10011937845

La théorie des transactions informelles:une synthèse;The informal transactions theory:A synthesis

Charreaux, Gérard - Université de Bourgogne - CREGO EA7317 Centre de … - 1989

(VF)Les analyses des phénomènes organisationnels proposées par la théorie de l'agence, tant sous sa forme positive que … théorie des transactions informelles introduite par Breton et Wintrobe qui prolonge la théorie de l'agence en prenant en … compte les phénomènes informels. Cette théorie qui fournit la première explication économique de l'existence et du …

Persistent link: https://www.econbiz.de/10005111267

Shareholder wealth gains through better corporate governance—The case of European LBO-transactions

Andres, Christian; Betzer, André; Weir, Charlie - In: Financial Markets and Portfolio Management 21 (2007) 4, pp. 403-424

Persistent link: https://www.econbiz.de/10005684849