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The Value of Interlocking Directorates in Vertical Contracting

Battaggion, Maria Rosa; Cerasi, Vittoria; Karakoç, Gülen - 2021

This study analyzes the choice to interlock between two competing companies when their privately known marginal costs are correlated. The two rivals are organized into different business models: one delegates its production to a subcontractor, while the other is vertically integrated and carries...

Persistent link: https://www.econbiz.de/10013213918

Managing Relational Contracts

Troya-Martinez, Marta - 2018

Relational contracts are typically modeled as being between a principal and an agent, such as a firm owner and a supplier. Yet in a variety of organizations relationships are overseen by an intermediary such as a manager. Such arrangements open the door for collusion between the manager and the...

Persistent link: https://www.econbiz.de/10012937239

Optimal long-term contracting with learning

He, Zhiguo; Wei, Bin; Yu, Jianfeng; Gao, Feng - 2016

rent due to the persistent belief manipulation effect. We characterize the optimal contract using the dynamic programming … technique in which information rent is the unique state variable. In the optimal contract, the optimal effort is front …-loaded and decreases stochastically over time. Furthermore, the optimal contract exhibits an option-like feature in that …

Persistent link: https://www.econbiz.de/10011557712

The executive contract

Teague, Burton W. - 1978

Persistent link: https://www.econbiz.de/10000333007

Decisions of duopoly firms on sharing information on their delegation contracts

Baik, Kyung Hwan; Lee, Dongryul - In: Review of industrial organization 57 (2020) 1, pp. 145-165

Persistent link: https://www.econbiz.de/10012303502

All hat and no cattle? : ESG incentives in executive compensation

Efing, Matthias; Ehmann, Stefanie; Kampkötter, Patrick; … - 2024

Persistent link: https://www.econbiz.de/10015130472

Properties of accounting performance measures used in compensation contracts

Urcan, Oktay; Yoon, Hayoung - In: Review of accounting studies 29 (2024) 4, pp. 3679-3712

Persistent link: https://www.econbiz.de/10015133857

All hat and no cattle? : ESG incentives in executive compensation

Efing, Matthias; Ehmann, Stefanie; Kampkötter, Patrick; … - 2024

This paper examines the integration of ESG performance metrics into executive compensation using a detailed panel dataset of European executives. Despite becoming more widespread, most ESG metrics are largely discretionary, carry immaterial weights in payout calculations, and contribute little...

Persistent link: https://www.econbiz.de/10015077841

The use of cash flows metrics in CEO compensation and the design of loan contracts

Gong, Guojin; Jiang, Xin Daniel; Xie, Biqin - In: Contemporary accounting research : the journal of the … 41 (2024) 4, pp. 2384-2416

Persistent link: https://www.econbiz.de/10015157010

Optimal contracts under interpersonal projection

Morita, Kimiyuki; Muramoto, Akitoshi; Sogo, Takeharu - In: Games and economic behavior 150 (2025), pp. 356-364

Persistent link: https://www.econbiz.de/10015426414