Bonus pools and the informativeness principle
نویسندگان
چکیده
منابع مشابه
Discretion in Managerial Bonus Pools
* We are grateful to Ulf Schiller for helpful comments on an earlier version of this paper. We also thank Yanruo Wang for excellent research assistance. Agency theory has for most part focused on the nature and efficiency properties of " complete " incentive contracts. Accordingly, a contract is viewed as a collection of " if-then " statements such that a specific payoff results if a particular...
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2014
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2013.12.004