Matches in SemOpenAlex for { <https://semopenalex.org/work/W2000675669> ?p ?o ?g. }
- W2000675669 endingPage "89" @default.
- W2000675669 startingPage "75" @default.
- W2000675669 abstract "This paper studies financial contracting in a two-period financing model with double moral hazard, as entrepreneurial effort choices and profits are unobservable and non-verifiable. The optimal financial contract must induce both the high effort level and truthful revelation of profits. The paper further analyses the structure of the optimal contract where the entrepreneur's payoff takes a general functional form that allows for endogenously determined costs of effort. The entrepreneur's performance is influenced by not only extrinsic work motivation factors but also intrinsic factors so that the degree of control imposed by the investor, in the form of end-of-period transfers, affects the entrepreneur's costs of effort. The finding shows that under well-defined conditions, the optimal contract that solves a model with non-verifiable profits also elicits effort, and generally resembles a simple debt contract. The structure of the optimal contract is robust in the general case where the entrepreneur's payoff function is non-linear in transfers." @default.
- W2000675669 created "2016-06-24" @default.
- W2000675669 creator A5063503684 @default.
- W2000675669 date "2010-02-01" @default.
- W2000675669 modified "2023-10-16" @default.
- W2000675669 title "Optimal financial contracts with hidden effort, unobservable profits and endogenous costs of effort" @default.
- W2000675669 cites W1485535210 @default.
- W2000675669 cites W1966598925 @default.
- W2000675669 cites W1973465190 @default.
- W2000675669 cites W1976454795 @default.
- W2000675669 cites W1986638228 @default.
- W2000675669 cites W1995959404 @default.
- W2000675669 cites W2000578291 @default.
- W2000675669 cites W2028807392 @default.
- W2000675669 cites W2029130421 @default.
- W2000675669 cites W2049232285 @default.
- W2000675669 cites W2065652712 @default.
- W2000675669 cites W2070094344 @default.
- W2000675669 cites W2080220927 @default.
- W2000675669 cites W2087660433 @default.
- W2000675669 cites W2090778465 @default.
- W2000675669 cites W2091904247 @default.
- W2000675669 cites W2108491286 @default.
- W2000675669 cites W2117044887 @default.
- W2000675669 cites W2124203762 @default.
- W2000675669 cites W2133640915 @default.
- W2000675669 cites W2140281938 @default.
- W2000675669 cites W2147560556 @default.
- W2000675669 cites W2147875167 @default.
- W2000675669 cites W2170723386 @default.
- W2000675669 cites W2913527708 @default.
- W2000675669 cites W3123060261 @default.
- W2000675669 cites W3123454228 @default.
- W2000675669 cites W3123677744 @default.
- W2000675669 cites W3124071598 @default.
- W2000675669 cites W3124209791 @default.
- W2000675669 cites W3124986819 @default.
- W2000675669 cites W3125158857 @default.
- W2000675669 cites W3125442904 @default.
- W2000675669 cites W4256234601 @default.
- W2000675669 doi "https://doi.org/10.1016/j.qref.2009.09.005" @default.
- W2000675669 hasPublicationYear "2010" @default.
- W2000675669 type Work @default.
- W2000675669 sameAs 2000675669 @default.
- W2000675669 citedByCount "7" @default.
- W2000675669 countsByYear W20006756692013 @default.
- W2000675669 countsByYear W20006756692016 @default.
- W2000675669 countsByYear W20006756692018 @default.
- W2000675669 countsByYear W20006756692020 @default.
- W2000675669 countsByYear W20006756692023 @default.
- W2000675669 crossrefType "journal-article" @default.
- W2000675669 hasAuthorship W2000675669A5063503684 @default.
- W2000675669 hasBestOaLocation W20006756692 @default.
- W2000675669 hasConcept C10138342 @default.
- W2000675669 hasConcept C120527767 @default.
- W2000675669 hasConcept C120757647 @default.
- W2000675669 hasConcept C127413603 @default.
- W2000675669 hasConcept C136764020 @default.
- W2000675669 hasConcept C14036430 @default.
- W2000675669 hasConcept C146978453 @default.
- W2000675669 hasConcept C149782125 @default.
- W2000675669 hasConcept C161521259 @default.
- W2000675669 hasConcept C162324750 @default.
- W2000675669 hasConcept C175444787 @default.
- W2000675669 hasConcept C177264268 @default.
- W2000675669 hasConcept C199360897 @default.
- W2000675669 hasConcept C22171661 @default.
- W2000675669 hasConcept C2780202544 @default.
- W2000675669 hasConcept C2780695315 @default.
- W2000675669 hasConcept C29122968 @default.
- W2000675669 hasConcept C36673458 @default.
- W2000675669 hasConcept C39389867 @default.
- W2000675669 hasConcept C41008148 @default.
- W2000675669 hasConcept C78458016 @default.
- W2000675669 hasConcept C85847156 @default.
- W2000675669 hasConcept C86803240 @default.
- W2000675669 hasConcept C93226319 @default.
- W2000675669 hasConceptScore W2000675669C10138342 @default.
- W2000675669 hasConceptScore W2000675669C120527767 @default.
- W2000675669 hasConceptScore W2000675669C120757647 @default.
- W2000675669 hasConceptScore W2000675669C127413603 @default.
- W2000675669 hasConceptScore W2000675669C136764020 @default.
- W2000675669 hasConceptScore W2000675669C14036430 @default.
- W2000675669 hasConceptScore W2000675669C146978453 @default.
- W2000675669 hasConceptScore W2000675669C149782125 @default.
- W2000675669 hasConceptScore W2000675669C161521259 @default.
- W2000675669 hasConceptScore W2000675669C162324750 @default.
- W2000675669 hasConceptScore W2000675669C175444787 @default.
- W2000675669 hasConceptScore W2000675669C177264268 @default.
- W2000675669 hasConceptScore W2000675669C199360897 @default.
- W2000675669 hasConceptScore W2000675669C22171661 @default.
- W2000675669 hasConceptScore W2000675669C2780202544 @default.
- W2000675669 hasConceptScore W2000675669C2780695315 @default.
- W2000675669 hasConceptScore W2000675669C29122968 @default.
- W2000675669 hasConceptScore W2000675669C36673458 @default.
- W2000675669 hasConceptScore W2000675669C39389867 @default.
- W2000675669 hasConceptScore W2000675669C41008148 @default.
- W2000675669 hasConceptScore W2000675669C78458016 @default.