We study theoretically and empirically the relation between altruism preferences and incentive contract design. Theoretically, we extend Fischer and Huddart (2008) to investigate how social norms reinforce altruism preferences, thus affecting the optimal contract design related to incentive...

We investigate if CEO power influences a firm's decision to change its compensation system in response to regulatory and public pressure. In particular, we assess if CEO power influences the choice of performance measures as a form of camouflage to minimize the impact of these reforms on their...

Cross-border business relationships often involve significant risk because they entail greater information asymmetry and complexity to manage collaboration than domestic relationships. Yet, little is known about the contractual design of such relationships. We examine a prominent form of...