Liquidity injections for the markets allow asset management companies to show positive dynamics for their clients-investors. However, inability of some companies to estimate adequately a market situation, to hedge risks, lacks of internal control and risk management systems lead to rather...

A common decision that organizations make is to prioritize and allocate resources to managers of competing new product projects. On successful completion of the projects, organizations often reward their project managers using a standardized incentive plan; that is, they reward the success of...

We examine optimal managerial compensation and turnover policy in a principal-agent model in which the firm output is serially correlated over time. The model captures a learning-by-doing feature: higher effort by the manager increases the quality of the match between the firm and the manager in...