Moral-Hazard in Strategic Decision Making
Copyright policy ) Martin C. Byford;
Moral-Hazard in Strategic Decision Making
Where a manager’s actions are “costless” and influence firm risk, the manager’s career concerns give rise to moral-hazard. The optimal contract cannot be found using the standard techniques as the Monotone Likelihood Ratio Condition does not hold. This difficulty is resolved if an additional Monotone Wage Constraint is imposed on the contracting problem.
- RMIT University Australia
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These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
Citations provided by BIP!popularityPopularity provided by BIP!
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
Popularity provided by BIP! 12
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