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The Impact of Firm Size on Dynamic Incentives and Investment

Chi, Chang Koo - 2019

explore the effect of this size-dependence regularity on moral hazard and investment, we develop a continuous-time agency …'s effort and the principal's investment decision, and the volatility is proportional to the square root of firm size. We … wages are back-loaded when firm size is small but front-loaded when it is large. Furthermore, there is under-investment in a …

Persistent link: https://www.econbiz.de/10012905816

The impact of firm size on dynamic incentives and investment

Chi, Chang-Koo; Choi, Kyoung Jin - In: The Rand journal of economics 48 (2017) 1, pp. 147-177

Persistent link: https://www.econbiz.de/10011665515

Modeling complex telecom investments : a system of systems approach

Tsilipanos, Kosmas; Neokosmidis, Ioannis; Varoutas, Dimitris - In: IEEE transactions on engineering management : EM 62 (2015) 4, pp. 631-642

Persistent link: https://www.econbiz.de/10011392670

Reduced cost functions and their applications

Levin, Vladimir L. - In: Journal of mathematical economics 28 (1997) 2, pp. 155-186

Persistent link: https://www.econbiz.de/10001229067

The first-order approach to the continuous-time principal-agent problem with exponential utility

Schättler, Heinz - In: Journal of economic theory 61 (1993) 2, pp. 331-371

Persistent link: https://www.econbiz.de/10001157082

On optimal sharing rules in discrete- and continuous-time principal-agent problems with exponential utility

Schättler, Heinz - In: Journal of economic dynamics & control 21 (1997) 2, pp. 551-574

Persistent link: https://www.econbiz.de/10001215798

A class of extremum problems related to agency models with imperfect monitoring

Budde, Jörg; Gaffke, Norbert - In: Mathematical methods of operations research 50 (1999) 1, pp. 101-120

Persistent link: https://www.econbiz.de/10001418482

Incentive efficient production frontiers : an agency perspective on DEA

Bogetoft Pedersen, Peter - In: Management science : journal of the Institute for … 40 (1994) 8, pp. 959-968

Persistent link: https://www.econbiz.de/10001170918

Strategische Informationsbeschaffung in Delegationsbeziehungen

Laux, Christian; Laux, Volker - In: Wertorientierte Unternehmenssteuerung : Festschrift …, (pp. 133-152). 2004

Persistent link: https://www.econbiz.de/10002098571

Relative performance evaluation in a multi-plant firm

Luporini, Annalisa (contributor) - 2005

We analyze optimal compensation schedules for the directors of two plants belonging to the same owner and producing the same good but serving geographically differentiated markets. Since the outcome of each director depends on his own effort and on a random variable representing market...

Persistent link: https://www.econbiz.de/10002738411