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Author: | Margiotta, M. M. Miler, R. A. |
Title: | Managerial compensation and the cost of moral hazard |
Journal: | International Economic Review
2000 : AUG, VOL. 41:3, p. 669-719 |
Index terms: | Agency theory Company performance Managers Incentives |
Language: | eng |
Abstract: | The article investigates managerial compensation and its incentive effects. The econometric framework is derived from a multiperiod principal-agent model with moral hazard. |
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