Title: The incentive & restrictive model of managers under linear return
Abstract:This paper deals with the principal-agent relation between shareholders and managers using the knowledge of asymmetric information. I assume that the linear gross return is the only observable variabl...This paper deals with the principal-agent relation between shareholders and managers using the knowledge of asymmetric information. I assume that the linear gross return is the only observable variable. Then the optimal incentive contract of managers is acheved. I also get some meaningful results.Read More
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
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