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Bargaining and collusion in a regulatory model
Fiocco, Raffaele; Gilli, Mario - 2011
Within a standard three-tier regulatory model, a benevolent principal delegates to a regulatory agency two tasks: the supervision of the firm's (two-type) costs and the arrangement of a pricing mechanism. The agency may have an incentive to manipulate information to the principal to share the...
Persistent link: https://www.econbiz.de/10010281496
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Executive compensation regulation and the dynamics of the pay-performance sensitivity
Sabiwalsky, Ralf - 2010
A substantial number of empirical studies on the linear relationship between executive compensation and firm performance for European firms suggest that the pay-performance sensitivity is not significantly positive. We argue that a nonlinear structure fits the data better, because compensation...
Persistent link: https://www.econbiz.de/10010281498
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Similarities and differences between US and German regulation of the use of derivatives and leverage by mutual funds: What can regulators learn from each other?
Galkiewicz, Dominika Paula - 2014
This study analyzes current regulation with respect to the use of derivatives and leverage by mutual funds in the U ….S. and Germany. After presenting a detailed overview of U.S. and German regulations, this study thoroughly compares the level … that under existing derivative and leverage regulation, funds in both countries are able to increase risk by using …
Persistent link: https://www.econbiz.de/10010427051