haku: @author Kraft, K. / yhteensä: 16
viite: 5 / 16
| Tekijä: | Kraft, K. Niederprüm, A. |
| Otsikko: | Determinants of management compensation with risk-averse agents and dispersed ownership of the firm |
| Lehti: | Journal of Economic Behavior and Organization
1999 : SEP, VOL. 40:1, p. 17-27 |
| Asiasana: | Management Pay Company ownership Theories |
| Vapaa asiasana: | Management incentives |
| Kieli: | eng |
| Tiivistelmä: | The salaries of top managers consist of two parts: one part depending on profits, the other being constant. In a model of management compensation schemes with risk averse agents, Holmström and Milgrom (1987) predict that increasing variance in profits ought to reduce the profit-relatedness of salaries. The data used in this study is from Germany. |
SCIMA