Title: A design of incentive contracts of independent directors under asymmetric information condition
Abstract:The incentive mechanism of the independent directors has not yet been solved.The optimal incentive contracts between stockholders and independent directors under asymmetric information conditions thro...The incentive mechanism of the independent directors has not yet been solved.The optimal incentive contracts between stockholders and independent directors under asymmetric information conditions through mathematic analytic methods is analyzed.The incentive coefficient of an independent director is given and the factors influencing the incentive coefficient are discussed.Results show that the incentive contracts of the independent directors are affected by abilities,effort costs,the degree of risk aversion,etc.of the independent directors.Read More
Publication Year: 2005
Publication Date: 2005-01-01
Language: en
Type: article
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Cited By Count: 4
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