Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10011419883
Persistent link: https://www.econbiz.de/10011383053
Persistent link: https://www.econbiz.de/10008666848
Persistent link: https://www.econbiz.de/10009664295
Persistent link: https://www.econbiz.de/10009671503
Persistent link: https://www.econbiz.de/10012799357
The informativeness principle demonstrates that a contract should depend on informative signals. This paper studies how it should do so. Signals that indicate the output distribution has shifted to the left (e.g. weak industry performance) reduce the threshold for the manager to be paid; those...
Persistent link: https://www.econbiz.de/10013239514
Persistent link: https://www.econbiz.de/10012431929