This Paper proposes a theory of the optimal organization of delegated expertise. For incentive purposes, a principal … a single expert, we show that the agency costs of delegated expertise exhibit diseconomies of scale. Possible …

We examine the interdependency between loan officer compensation contracts and commercial bank internal reporting … in our set-up. We examine the likely effect of the new Basel Accord upon IRS choice, loan officer compensation, and bank …

Paper looks at why compensation is not preferred to retaliation and then examines five economic features of the temporary …

We analyze the interaction between financial institutions' internal compensation policy, the quality of loans, and … incentives more commensurate with the longer-term risk of their transactions. While mandatory deferred compensation can improve … compensation can complement a policy that requires financial institutions to retain a minimum exposure to their originated loans …

results arise because of poor court oversight and the compensation scheme awarded to the court appointed trustee managing the …

managers. This allows firms to reduce performance-based compensation and can rationalize loss-making acquisitions. At the same …

The compensation of a professor who is awarded an internal Canada Research Chair (CRC) increases by 6.3 percent on … retaining top talents, we infer that the compensation cost of doing so is modest. In addition, only a small fraction of the CRC … grants have been passed through to professors as compensation increases. This is despite the fact that universities report …