Search Results - subject:"Principal–agent"

Can independent directors effectively monitor controlling shareholders after reappointment?

Bao, Rongjiang; Quan, Yi; Sun, Yuan; Zhang, Jingwen - In: China journal of accounting research : CJAR 18 (2025) 2, pp. 1-27

The mandatory rotation of independent directors upon the expiration of their term is a key institutional design in China, aimed at safeguarding their independence and enhancing the effectiveness of their supervision. However, whether reappointing these directors after a "cooling-off period"...

Persistent link: https://www.econbiz.de/10015414032

Vertical interlock and corporate tax avoidance

Wen, Wen; Qiao, Fei; Feng, Jingli - In: China journal of accounting research : CJAR 18 (2025) 2, pp. 1-33

This study examines the impact of vertical interlock on corporate tax avoidance in business groups using data on Chinese listed companies from 2003 to 2019. We find that vertical interlock has a negative impact on corporate tax avoidance. Our result is robust to alternative measures,...

Persistent link: https://www.econbiz.de/10015414044

Fairness properties of compensation schemes

Becker, Christoph; Fehr, Dietmar; Rau, Hannes; … - 2025

How do different characteristics of pay-for-performance schemes affect fairness perceptions? In two studies, we systematically consider three major classes of incentive schemes: continuous piece rate incentives, discrete bonus schemes, and tournament incentives. We find that pay inequality has a...

Persistent link: https://www.econbiz.de/10015414143

Insurance and asymmetric information in wage contracts : evidence from an online experiment

Herbst, Daniel - 2025

For workers facing uncertain output, fixed-wage contracts provide implicit insurance compared to self-employment or performance-based pay. But like any insurance product, these contracts are prone to market distortions through moral hazard and adverse selection. Using a model of wage contracts...

Persistent link: https://www.econbiz.de/10015414158

Tournaments and contracts under asymmetric information

Gao, Rui; Wang, Zhewei; Zhou, Lixue - In: Economic modelling 139 (2024), pp. 1-12

Persistent link: https://www.econbiz.de/10015190063

Aligning the steering of governmental organizations a comparative mixed-methods study in Denmark using stewardship theory

Salomonsen, Heidi Houlberg; Schillemans, Thomas; … - In: Public management review 26 (2024) 11, pp. 3320-3341

Persistent link: https://www.econbiz.de/10015156665

A risk based approach to the principal-agent problem

Djehiche, Boualem; Helgesson, Peter - In: Asian journal of economics and banking : AJEB 8 (2024) 3, pp. 310-334

Purpose: We aim to generalize the continuous-time principal-agent problem to incorporate time-inconsistent utility … provide a framework for deriving optimal contracts in the principal-agent problem under hidden action, specifically tailored … presenting a novel mathematical approach to a class of continuous time principal-agent problems, particularly under hidden action …

Persistent link: https://www.econbiz.de/10015163486

Principal-agent problems in the purchase of durables : evidence from motorcycles in Nepal

Filippini, Massimo; Raut, Nirmal Kumar; Srinivasan, Suchita - 2024 - Last revision: July 12, 2024

We investigate the existence of a principal-agent problem between parents and financially dependent adult children …

Persistent link: https://www.econbiz.de/10014578207

Supply contracting under dynamic asymmetric cost informationl

Di Corato, Luca; Moretto, Michele - 2024

solution to this dynamic principal-agent problem involves a periodic two-part payment. The fixed part of the payment depends on …

Persistent link: https://www.econbiz.de/10014478916

Incentive design for reference-dependent preferences

Gonzalez Jimenez, Victor H. - In: Journal of economic behavior & organization 221 (2024), pp. 493-518

Persistent link: https://www.econbiz.de/10014553209