In this paper I consider the impact of a noisy indicator regarding a manager’s manipulative behavior on optimal effort … incentives and the extent of earnings management. The analysis in this paper extends a twotask, single performance measure LEN …. More specifically, the principal uses the indicator variable to prevent earnings management only under conditions where …

untersucht. Zweitens betrachten wir die Anreize für das Management von Hedgefonds. Drittens untersuchen wir das Verhalten von …

The effect of severance pay on management behavior during a takeover battle is generally ambiguous. Yet, the severance … still benefits from the increase in the merged firm's total value. Moreover, given that the managers are compensated … according to an identical linear incentive scheme, the optimal shareholder policy always entails a corner solution. Managers …