. These results stand in stark contrast to the ones of the orthodox theory, but are empirically of high relevance …

's performance evaluation is incongruent, i.e. it does not reflect his contribution to firm value, and thus motivates an inefficient … effort allocation across tasks. This paper investigates the improvement of the agent's performance evaluation by contrasting … superior whenever the costless available performance evaluation is sufficiently incongruent …

's performance evaluation is thereby incongruent, i.e. it does not perfectly reflect the relative contribution of the agent's multi …-dimensional effort to firm's profit. This paper elaborates on the improvement of the agent's performance evaluation through the costly …

The theory of agency, which has seen many recent applications in the social sciences and management literatures, is … essentially a theory of failures: It seeks to understand the problems created when one party attempts to control another …. Indeed, applications of agency theory have cut across the economics literature and entered the study of many disciplinary …