contracts which determine their managers' salaries. One contract simply gives managers incentives to maximize firm profits …, while the second contract gives an additional sales bonus. Although theory predicts the second contract to be chosen, it is … only rarely chosen in the experimental markets. This behavior is rational given that managers do not play according to the …

. Agency theory’s insistence on linking the compensation of managers and directors as closely as possible to firm performance …

findings suggest that, when managers engage in wasteful capital expenditures, welfare may decline if the cost of investment is …

compensation to managers in low-tax jurisdictions, if payroll enters the FA formula. Managers in high-tax jurisdictions face the …

Incentives theory suggests that compensation schemes should be analyzed along two dimensions: controllability and … qualitative feedback from the managers involved, are analyzed. It is argued that EVA bonus schemes may have a major …

result of powerful managers setting their own pay. Others interpret high pay as the result of optimal contracting in a …