Showing 1 - 10 of 689,003
Persistent link: https://www.econbiz.de/10012126814
We study the optimal dynamics of incentives for a manager whose ability to generate cash .ows changes stochastically with time and is his private information. We show that, in general, the power of incentives (or "pay for performance") may either increase or decrease with tenure. However, risk...
Persistent link: https://www.econbiz.de/10010476876
Persistent link: https://www.econbiz.de/10011648867
Persistent link: https://www.econbiz.de/10013369092
Persistent link: https://www.econbiz.de/10015047031
Persistent link: https://www.econbiz.de/10011864842
Persistent link: https://www.econbiz.de/10010257928
Persistent link: https://www.econbiz.de/10012619794
Persistent link: https://www.econbiz.de/10011813195
Persistent link: https://www.econbiz.de/10012424546