Since years, incentives for the management have become a standard upon acquisitions of companies by Private Equity … management participations and potential conflicts of interest especially on occasion of sales from one Private Equity Investor to … another - so-called Secondary Buy-Outs. This present study is based on a survey among Private Equity Investors and Management …

introduce a model, in which managers and agents exert effort in a joint production, after the manager decides on the allocation …