In this paper we revisit the question of whether relative performance-adjusted contracts provide portfolio managers with adequate incentives to gather information. We show that when portfolio managers are constrained in their ability to short-sell, relative performance-adjusted or linear ‘benchmarked’ contracts can provide incentives for gathering more precise information. We also provide condi...

in spite of different ideas of islamic jurists, in iranian law, in article 184 of civil law, the suspended contract has been accepted and only exceptionally, this contract is null. in the french law and some of the islamic countries, there are two kinds or suspensions: suspension of formation of contract and suspension of dissolution of contract. in the civil law of these countries, the event t...

The average cost of borrowing on international financial markets varies widely from nation to even after controlling for the varying levels indebtedness their governments. This suggests that assign country specific default risk assessments. In this paper we focus one natural source difference – quality institutions. We begin by showing sovereign spread is positively related percentage a governm...

the study of rights of obligee in any commercial contract, particularly contract of sale, is very important for the theoretical and practical reasons, in case that the other party performs part of contract only and is not able or ready to perform the other part; because, on the one hand, the obligor wants to know whether he entitles to expect from the obligee to accept the executed part of cont...

This study proposes a novel option-revenue sharing coordination contract framework. In the proposed model, the retailer determines the number of order sales effort. The manufacturer sets the price of products for the wholesale strategy. The investigated supply chain problem analyzes the results of different strategies. In the proposed coordination contract problem, two types of games including ...