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Large risks, limited liability, and dynamic moral hazard

Biais, Bruno; Mariotti, Thomas; Rochet, Jean-Charles; … - In: Econometrica : journal of the Econometric Society, an … 78 (2010) 1, pp. 73-118

Persistent link: https://www.econbiz.de/10003989157

Discussion of "Uncertainty, investment, and managerial incentives" by Brent Glover and Oliver Levine

Gourio, François - In: Journal of monetary economics 69 (2015), pp. 138-142

Persistent link: https://www.econbiz.de/10011326671

Myopic investment decisions and competitive labor markets

Campbell, Tim S. - In: International economic review 35 (1994) 4, pp. 855-875

Persistent link: https://www.econbiz.de/10001172631

Uncertainty, Investment, and Managerial Incentives

Glover, Brent - 2016

-based contract, makes investment decisions for a firm that faces time-varying volatility. The contract creates incentives that affect …This study provides evidence that managerial incentives, shaped by compensation contracts, help to explain the … empirical relationship between uncertainty and investment. We develop a model in which the manager, compensated with an equity …

Persistent link: https://www.econbiz.de/10013006231

Entrepreneurial Ability, Venture Investments and Risk Sharing

Amit, Raphael ('Raffi") H. - 2011

This study seeks to fill a gap in the research on the behavior of entrepreneurs, their decisions to develop their firms independently or with venture capitalists, and the relation to their abilities and to the value in making that ability known, even at a cost. Information asymmetry exists when...

Persistent link: https://www.econbiz.de/10013134195

Risk-sharing and entrepreneurship

Kilström, Matilda; Roth, Paula - 2022

In this paper, we study the role of risk-sharing in entrepreneurship-driven innovation. Studying entrepreneurship and innovation entails modeling an occupational choice and an effort choice. Risk-sharing may increase the number of individuals who become entrepreneurs by limiting the downside...

Persistent link: https://www.econbiz.de/10013161870