environment and incentives can increase with “respondable ” risk. The relation between incentives and risk is more positive when … officers (CEOs), I find that incentives for CEO s increase with industry-wide risk, a measure of respondable risk. The positive …This paper examines the incentive provision when the agent can respond to risk by exerting effort to collect …

firm can extract too much of the employment rents, however, workers may not have sufficient incentives to put forth effort …

this simple model to show that, contrary to Becker's (1962) human capital theory and consistent with the evidence, firms …

This paper studies the effect of ownership structure on workers' incentives for investing in firm-specific human …

high ratio of lateral entrants. We enrich the analysis of training and education decision-making processes with a third …

One of the standard predictions of the agency theory is that more incentives can be given to agents with lower risk … obtain that lower agent’s risk aversion unambiguously leads to higher incentives when the technology function linking … efficiency and riskiness is elastic, while the risk aversion–incentive relationship can be positive when this function is rigid. …

An investor's choice between safe and risky assets has long been seen as a behavior toward risk: more risk … that show, in a very general setting, that the choice between work effort and leisure under given linear incentives depends … on how the attendant financial risk interacts with effort. We find that if the risk multiplies with effort, risk …