Industrial Structure, Executives' Pay And Myopic Risk Taking.

This study outlines a new theory linking industrial structure to optimal employment contracts and value reducing risk taking. Firms hire their executives using optimal contracts derived within a competitive labour market. To motivate effort firms must use some variable remuneration. Such remunera...

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Tác giả chính: Thanassoulis, J
Định dạng: Working paper
Ngôn ngữ:English
Được phát hành: Department of Economics (University of Oxford) 2011

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