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Nachrichten aus dem Gebiet der Corporate Governance sind fast täglich Bestandteil der Wirtschaftspresse. Dabei nehmen Klagen über astronomische Managementgehälter einerseits und Sorgen um die manipulationsfreie Finanzberichterstattung andererseits breiten Raum ein. Jürgen Hagmüller...
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having managers cheat to win. We explore tournament theory to detail its vulnerabilities to various forms of cheating …, we discuss possible ways to address these vulnerabilities to the schemes we rely on to motivate managers to put in the …
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