Showing 51 - 56 of 56
Research into accounting risk-return relations largely relied on reference-based models of managerial choice. This focus ignores other explanations that may contribute to our understanding. Our study extends prior research by incorporating agency theory and implicit contracts theory into models...
Persistent link: https://www.econbiz.de/10014141307
Bruce, Buck and Main (2005) offer two criticisms of agency theory as a valid model of executive behaviour. First, they suggest that because researchers have failed to find a strong empirical link between executive pay and firm performance, and since this research generally rests on models...
Persistent link: https://www.econbiz.de/10014060969
Research into accounting risk-return relations largely relied on reference-based models of managerial choice. This focus ignores other explanations that may contribute to our understanding. Our study extends prior research by incorporating agency theory and implicit contracts theory into models...
Persistent link: https://www.econbiz.de/10014039000
Persistent link: https://www.econbiz.de/10005136103
Persistent link: https://www.econbiz.de/10005887349
Agency theoretic models have been used in the past to justify the use of stock options as an effective incentive alignment mechanism to create a common fate between principals and agents. In this paper, we use behavioral theory to reach the opposite conclusion – namely, that the design...
Persistent link: https://www.econbiz.de/10014950016