Search Results - subject_exact:"Prinzipal-Agent-Theorie"

Licensing resource exploitation with endogenous and privately known reserves

Jääskeläinen, Jarmo; Lappi, Pauli - 2026

We design optimal mechanism to collect revenues from nonrenewable resource exploitation, when the resource must be explored and discovered and when there is asymmetric information. The exploration effort may result in a discovery that is revealed only to the firm, and the effort is not observed...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617653

Economics of prompting AI

Uras, Burak; Zaccaria, Niccolò - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619568

The impact of subjective school ratings on principal compensation and turnover

Hussain, Iftikhar; Scrutinio, Vincenzo; Telhaj, Shqiponja - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015563916

Why do family firms hold cash? : agency conflicts and valuation perspectives

Tayem, Ghada; Abu Ghunmi, Diana; Bino, Adel; Tayeh, Mohammad - 2026

This study aims to examine whether family firms differ from nonfamily firms in their propensity to save cash, particularly in response to new investment opportunities, and to assess how investors value the cash holdings of family versus nonfamily firms in light of potential agency concerns. The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611266

The effect of a bonus cap on compensation structure in the banking sector

Rutten, Albert; Witteman, Joost - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611641

Selected European law challenges related to the use of artificial intelligence payment agents

Grabowski, Michał; Costea, Iulia - 2026 - Version: 26 February 2026

This article examines the EU-law challenges arising from the use of artificial intelligence for payment initiation and execution (“Payment Agents”) under European Union law. It focuses on Payment Agents that support purchasing workflows and are capable of initiating payments in both...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612290

Monetary policy committees, independence, and influence

Colla de Robertis, Esteban - 2026

We develop a model of monetary policy committee decision-making, building on the framework of games played through agents (GPTA). Interest groups seek to influence policy by offering action-contingent contracts to committee members. The resulting equilibrium admits a simple characterization and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615291

Strategy-proof mechanism design with boundedly rational agents : theory and experiment

Nishizaki, Katsuhiko - 2026

In a strategy-proof mechanism, implementation theory mostly assumes that each agent is rational in the sense that the agent reveals its true preference to induce its most preferred outcome. This assumption is sufficient to guarantee that the agent seeks such an outcome, but not necessary because...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615338

Delegation and verification under AI

Huang, Lingxiao; Xiao, Wenyang; Vishnoi, Nisheeth K. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615689

Dynamic adverse selection with flow limited liability : a closed-form approach to price regulation

Di Corato, Luca; Moretto, Michele - 2026

This paper studies a continuous-time regulatory problem in which a firm holds persistent private information about demand and is subject to a flow limited-liability constraint. The regulator regulates prices through a dynamic mechanism that ensures truthful reporting of the evolving type....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616443

Information design and mechanism design : an integrated framework

Bergemann, Dirk; Heumann, Tibor; Morris, Stephen - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618926

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Information design and mechanism design : an integrated framework

Bergemann, Dirk; Heumann, Tibor; Morris, Stephen - 2026

Book / Working Paper

Ambiguity-averse aggregation under heterogeneous beliefs

Norman, Thomas W. L. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015594827

Organizational higher purpose, employee effort and firm financial performance

Thakor, Anjan V. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015553755

Preference-driven contract design : how education alters risk, patience, and effort in incentive schemes

Weikl, Jan - 2026

Performance-contingent pay raises productivity, yet in the German Socio-Economic Panel (SOEP) only about 16% of workers report receiving performance pay, with the incidence being roughly seven percentage points higher among university graduates than among non-graduates. This coexistence of low...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015590487

The multiple-volunteers principle

Goldlücke, Susanne; Tröger, Thomas - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015578337

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The multiple-volunteers principle

Goldlücke, Susanne; Tröger, Thomas - 2020

Book / Working Paper

Multi-step delegation and the frequency of immoral decisions : theory and experiment

Bieberstein, Frauke von; Feess, Eberhard; Packham, Natalie - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015583619

How absolute and relative payoffs shape dishonesty

Necker, Sarah; Le Maux, Benoît - 2026

We examine how absolute and relative gains within reward schemes influence dishonesty. In our online experiment, we vary two payoff dimensions in a cheating mind game: the payoff level and the absolute payoff difference between being successful or not. A higher payoff level has a negative impact...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015603808

Benchmarking supplier performance : how scorecard comparisons and supply risk influence termination decisions

O'Connor, Neale G.; Romero, Jorge A.; Asiaei, Kaveh - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604677

One-sided enforcement in amodel with persistent adverse selection

Martimort, David; Semenov, Aggey - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605551

Delegated social responsibility : Is managerial prosociality a source of agency cost?

Szymczak, Wiebke - 2026

Agency theory holds that managerial discretion over stakeholder decisions creates agency costs through altruistic redistribution. We test this claim in a principal-agent experiment where agents choose effort and transfers affecting a third party under unenforceable flat-wage contracts. We find...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605604

Reputational conservatism in expert advice

Lukyanov, Georgy; Vlasova, Anna - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605617

Existence of equilibrium mechanisms in generalized principal-agent problems with interacting teams

Roberson, Brian - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015606352

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Existence of equilibrium mechanisms in generalized principal-agent problems with interacting teams

Roberson, Brian - 2026

Book / Working Paper

Optimal stationary contracts under one-sided enforcement and persistent adverse selection

Martimort, David; Semenov, Aggey - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015626910

Board characteristics, firm performance, and institutional ownership : evidence from listed companies of Pakistan

Naz, Fadia; Hisham Bin Mohammad; Chai Aun Ooi - 2026

This study endeavors to scrutinize the impact of board characteristics on firm performance directly as well as through the moderating influence of institutional ownership. Tobin' Q and market-to-book ratio are the proxies of firm performance as dependent variable. The analytical approach...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628820

Earnings manipulation and probability of default : insights from AnaCredit and supervisory implications

Allali, Lamia; Dierick, Nicolas; Santoni, Alessandro - 2026

This article provides a novel insight into whether earnings manipulation signals are reflected in banks' internal credit risk estimates, as measured by the probability of default (PD) estimates, and whether such manipulation has an impact on credit risk (point in time or deferred). The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628824

Fixed-price or performance-based? : contract design with renegotiation for IT outsourcing

Hu, Minhui - 2026

Renegotiation after software development is widely adopted by firms to mitigate uncertainties in IT outsourcing. This study examines the design and choice of fixed-price versus performance-based contracts in scenarios where firms may renegotiate software debugging time with the IT vendor after...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015637548

On the (relative) merits of money burning for optimal contracting

Gonzalez-Morin, Javier; Martimort, David - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015637949

Toward a bad job economy : AI adoption, agency costs, and job design

Fahn, Matthias; Li, Jin; Sun, Chang - 2026

We study how AI affects compensation and job design when performance depends on workers' non-contractible effort. In a principal–agent model with limited liability, AI reduces effort costs but disproportionately lowers the cost of achieving satisfactory performance. This raises the incentive...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635067

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Toward a bad job economy : AI adoption, agency costs, and job design

Fahn, Matthias; Li, Jin; Sun, Chang - 2026

Book / Working Paper

Procuring new ideas : on the value of performance information in innovation tournaments

Bossard, Martina; Möller, Marc; Roux, Catherine - 2026

We use a stylized model of a dynamic innovation tournament to show that the effectiveness of monetary incentives depends on whether contestants receive cardinal, ordinal, or no information about their rival's performance. The model's main implication is that performance information acts as a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638588

Board of directors' characteristics, political connection and risk disclosure : evidence from an emerging market context

Alshira'h, Ahmad Farhan - 2026

This research examines Jordanian risk disclosure policies and how board size, meeting frequency, CEO duality, and board expertise affect them, exploring how political ties moderate the link between board features and risk disclosure. In 2014-2023, the research examined 90 non-financial...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639158

Tax-haven investments and auditor choice : evidence from china

Wei, Zhihua; Kang, Wei; Huang, Xiaoyun; Li, Bo - 2026

We investigated the effect of direct investments in tax havens on firms' auditor choices and found that because tax-haven investments intensify agency problems and information asymmetry, firms tend to hire high-quality auditors to address these issues, with this tendency being stronger in firms...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639217

Reviving joint liability contracts : asymmetric joint liability loans and moral hazard

Carli, Francesco; Cecchi, Francesco; Fritz, Manuela; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640225

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Reviving joint liability contracts : asymmetric joint liability loans and moral hazard

Carli, Francesco; Cecchi, Francesco; Fritz, Manuela; … - 2025

Book / Working Paper

Aligning ESG with firm value : the conditional impact of ESG on family-controlled businesses

Norrasate Sritanee - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644926

The nexus between religiosity and socioemotional wealth in family firms' mergers and acquisitions decisions

Brunner-Kirchmair, Thomas M.; Dick, Markus; Wagner, Eva; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656230

How does the ownership structure of state-owned enterprises influence corporate entrepreneurship? : the mediating role of entrepreneurial climate

Funko, Ivana Sučić; Dabić, Marina; Furrer, Olivier; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647224

Corporate governance characteristics, shareholder dissent and agency cost of debt

Ding, Wenjie; Hemmings, Danial; Hodgkinson, Lynn; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647421

Performance pay in the hybrid work economy

Alipour, Jean-Victor - 2026

The large-scale rise of working from home (WFH) has granted workers unprecedented autonomy over how they allocate their time and effort, while weakening employers' monitoring ability. We ask whether firms use performance-based compensation to align workers' incentives when adopting WFH. To...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650338

Robo-advisory and auditing : internal and external controls

Farahani, Ahmad Hatamabadi; Nahidi, Narmin - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651236

News management, moral hazard, and the properties of earnings, prices, and compensation

Bonham, Jonathan - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651902

The impact of voluntary IFRS adoption on financial reporting quality and firm value : evidence from listed firms in Vietnam

Nguyen, Ngoc Giau; Nguyen Ngoc Tien - 2026

As emerging economies expedite their integration into global capital markets, comprehending the implications of voluntary International Financial Reporting Standards (IFRS) adoption has become increasingly critical for regulators, investors, and corporations. This study examines the influence of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015652316

Equity in auction design with unit-demand agents and non-quasilinear preferences

Kazumura, Tomoya; Mishra, Debasis; Serizawa, Shigehiro - 2026

We study a model of auction design where a seller is selling a set of objects to a set of agents who can be assigned no more than one object. Each agent's preference over (object, payment) pair need not be quasilinear. If the domain contains all classical preferences, we show that there is a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015634013

Paying more or hassling less? : experimental evidence on administrative burdens, incentives, and grant take-up

Lades, Leonhard K.; McNamara, Glenn; Samahita, Margaret - 2026

Applying for benefits and programs can be so onerous that take-up is low even when support is crucial to people's lives. This study investigates how administrative burden and financial incentives influence the quality of the completion of an administrative task using an incentivized real-effort...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636764

You, me, or we? : co-productive principal-agent dynamics

Roels, Guillaume; Smirnov, Vladimir; Tsetlin, Ilia; … - 2026 - Revised version of 2025/07/TOM/DSC

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015666286

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You, me, or we? : co-productive principal-agent dynamics

Roels, Guillaume; Smirnov, Vladimir; Tsetlin, Ilia; … - 2025 - Revised version of 2023/73/TOM/DSC

Edition: Revised version of 2023/73/TOM/DSC

Book / Working Paper

Artificial intelligence and unethical financial practices : examining the mediating role of environmental; social; and governance (ESG) performance in the Saudi financial sector

Aladwey, Laila - 2026

This study investigates how the adoption of artificial intelligence (AI) influences unethical financial practices-bribery, corruption, fraud (BCF), and tax avoidance-in the Saudi financial sector, with environmental, social, and governance (ESG) performance as a mediating factor. Employing the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015666482