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Corporate scandals, reflected in excessive management compensation and fraudulent accounts, cause considerable damage. Agency theory's insistence on linking the compensation of managers and directors as closely as possible to firm performance is a major reason for these scandals. They cannot be...
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Corporate scandals are reflected in excessive top management compensation and fraudulent accounts ...
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In this paper the authors focus on aspects neglected in organizational economics. They seek to complement it by an approach, which makes motivation an endogenous variable to management. They introduce a dynamic relationship between extrinsic and intrinsic motivation into the theory of the firm.<
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Corporate scandals, reflected in excessive management compensation and fraudulent accounts, cause considerable damage. Agency theory’s insistence on linking the compensation of managers and directors as closely as possible to firm performance is a major reason for these scandals. They cannot...
Persistent link: https://www.econbiz.de/10002572375
Persistent link: https://www.econbiz.de/10002181966
Corporate scandals, reflected in excessive management compensation and fraudulent accounts, cause considerable damage. Agency theory's insistence on linking the compensation of managers and directors as closely as possible to firm performance is a major reason for these scandals. They cannot be...
Persistent link: https://www.econbiz.de/10002593063