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Should principals explain and justify their evaluations? Suppose the principal's evaluation is private information, but she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message space is restricted, but the message is costless. I...
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discrete bonuses after they do sufficiently well. By adjusting monitoring intensity and communication of performance, the …
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This paper studies the effect of disclosing conflicts of interests on strategic communication when the sender has lying …
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This paper studies the effect of disclosing conflicts of interests on strategic communication when the sender has lying …
Persistent link: https://www.econbiz.de/10011490047
We study how leaks affect a firm's communication decisions and real efficiency. A privately informed manager … strategically chooses both public disclosure and internal communication to employees. Public disclosure is noisy, but in the absence … of leaks, internal communication is perfectly informative because it maximizes employee coordination and efficiency. The …
Persistent link: https://www.econbiz.de/10012952467
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This paper studies the effect of disclosing conflicts of interest on strategic communication when the sender has lying …
Persistent link: https://www.econbiz.de/10012625514