Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10012875647
Persistent link: https://www.econbiz.de/10015376712
Persistent link: https://www.econbiz.de/10014526092
The paper examines the impact and mechanism of statutory pension insurance contribution rates on firms' ESG performance. High contribution rates significantly reduce ESG performance, and our finding remains robust after robustness tests. We explain how social security contributions undermine ESG...
Persistent link: https://www.econbiz.de/10014352704
We present a dynamic general equilibrium model with heterogeneous firms. Owners of the firms delegate investment decisions to managers, whose consumption and investment are private information. We solve the optimal incentive compatible contracts and characterize the implied firm dynamics....
Persistent link: https://www.econbiz.de/10013037654
We present a dynamic general equilibrium model with heterogeneous firms. Owners of firms delegate investment decisions to managers, whose consumption and investment decisions are private information. We solve the optimal contracts and characterize the implied firm dynamics. Risk sharing requires...
Persistent link: https://www.econbiz.de/10013066436
Persistent link: https://www.econbiz.de/10012656755