-taking incentives in addition to effort incentives. We develop a stylized principal-agent model that captures the interdependence … between firm risk and managerial incentives. We calibrate the model to individual CEO data and show that it can explain … with the almost uniform use of at-the-money stock options. We conclude that the provision of risk-taking incentives is a …

remuneration incentives have driven extensive non-compliance with rules, the failure of organisations, and even threatened the … incentivise workers? Do some current incentives increase the risk of disasters? If so, how do we remove or reduce that risk? The …