to the firm's choice of strategy and from the volatility created by the firm's external environment. We select a firm … of external volatility, contracting on performance measures will become less effective. In this context, our results …

to the firm's choice of strategy and from the volatility created by the firm's external environment. We select a firm … of external volatility, contracting on performance measures will become less effective. In this context, our results …

relationships and on how firms provide incentives to employees. This literature has been very successful in generating models and … conform to theory. We survey some literature in this area and suggest areas for further research …