Matches in SemOpenAlex for { <https://semopenalex.org/work/W2000878854> ?p ?o ?g. }
Showing items 1 to 97 of
97
with 100 items per page.
- W2000878854 endingPage "2028" @default.
- W2000878854 startingPage "2009" @default.
- W2000878854 abstract "ABSTRACT This paper investigates the significance of nonlinear contracts on the incentive for portfolio managers to collect information. In addition, the manager must be motivated to disclose this information truthfully. We analyze three contracting regimes: (1) first‐best where effort is observable, (2) linear with unobservable effort, and (3) the optimal contract within the Bhattacharya‐Pfleiderer quadratic class. We find that the linear contract leads to a serious lack of effort expenditure by the manager. This underinvestment problem can be successfully overcome through the use of quadratic contracts. These contracts are shown to be asymptotically optimal for very risk‐tolerant principals." @default.
- W2000878854 created "2016-06-24" @default.
- W2000878854 creator A5050050488 @default.
- W2000878854 date "1993-12-01" @default.
- W2000878854 modified "2023-10-16" @default.
- W2000878854 title "Moral Hazard and the Portfolio Management Problem" @default.
- W2000878854 cites W1966927913 @default.
- W2000878854 cites W1968791788 @default.
- W2000878854 cites W1973563023 @default.
- W2000878854 cites W1981315212 @default.
- W2000878854 cites W1986355507 @default.
- W2000878854 cites W2006553348 @default.
- W2000878854 cites W3123920997 @default.
- W2000878854 cites W4230004673 @default.
- W2000878854 cites W4376596270 @default.
- W2000878854 doi "https://doi.org/10.1111/j.1540-6261.1993.tb05140.x" @default.
- W2000878854 hasPublicationYear "1993" @default.
- W2000878854 type Work @default.
- W2000878854 sameAs 2000878854 @default.
- W2000878854 citedByCount "161" @default.
- W2000878854 countsByYear W20008788542012 @default.
- W2000878854 countsByYear W20008788542013 @default.
- W2000878854 countsByYear W20008788542014 @default.
- W2000878854 countsByYear W20008788542015 @default.
- W2000878854 countsByYear W20008788542016 @default.
- W2000878854 countsByYear W20008788542017 @default.
- W2000878854 countsByYear W20008788542018 @default.
- W2000878854 countsByYear W20008788542019 @default.
- W2000878854 countsByYear W20008788542020 @default.
- W2000878854 countsByYear W20008788542021 @default.
- W2000878854 countsByYear W20008788542022 @default.
- W2000878854 countsByYear W20008788542023 @default.
- W2000878854 crossrefType "journal-article" @default.
- W2000878854 hasAuthorship W2000878854A5050050488 @default.
- W2000878854 hasConcept C10138342 @default.
- W2000878854 hasConcept C129844170 @default.
- W2000878854 hasConcept C137577040 @default.
- W2000878854 hasConcept C144133560 @default.
- W2000878854 hasConcept C149782125 @default.
- W2000878854 hasConcept C154945302 @default.
- W2000878854 hasConcept C15952604 @default.
- W2000878854 hasConcept C162118730 @default.
- W2000878854 hasConcept C162324750 @default.
- W2000878854 hasConcept C175444787 @default.
- W2000878854 hasConcept C187736073 @default.
- W2000878854 hasConcept C2524010 @default.
- W2000878854 hasConcept C2777212361 @default.
- W2000878854 hasConcept C2780202544 @default.
- W2000878854 hasConcept C2780695315 @default.
- W2000878854 hasConcept C2780821815 @default.
- W2000878854 hasConcept C29122968 @default.
- W2000878854 hasConcept C33923547 @default.
- W2000878854 hasConcept C41008148 @default.
- W2000878854 hasConcept C74510933 @default.
- W2000878854 hasConcept C79301358 @default.
- W2000878854 hasConceptScore W2000878854C10138342 @default.
- W2000878854 hasConceptScore W2000878854C129844170 @default.
- W2000878854 hasConceptScore W2000878854C137577040 @default.
- W2000878854 hasConceptScore W2000878854C144133560 @default.
- W2000878854 hasConceptScore W2000878854C149782125 @default.
- W2000878854 hasConceptScore W2000878854C154945302 @default.
- W2000878854 hasConceptScore W2000878854C15952604 @default.
- W2000878854 hasConceptScore W2000878854C162118730 @default.
- W2000878854 hasConceptScore W2000878854C162324750 @default.
- W2000878854 hasConceptScore W2000878854C175444787 @default.
- W2000878854 hasConceptScore W2000878854C187736073 @default.
- W2000878854 hasConceptScore W2000878854C2524010 @default.
- W2000878854 hasConceptScore W2000878854C2777212361 @default.
- W2000878854 hasConceptScore W2000878854C2780202544 @default.
- W2000878854 hasConceptScore W2000878854C2780695315 @default.
- W2000878854 hasConceptScore W2000878854C2780821815 @default.
- W2000878854 hasConceptScore W2000878854C29122968 @default.
- W2000878854 hasConceptScore W2000878854C33923547 @default.
- W2000878854 hasConceptScore W2000878854C41008148 @default.
- W2000878854 hasConceptScore W2000878854C74510933 @default.
- W2000878854 hasConceptScore W2000878854C79301358 @default.
- W2000878854 hasIssue "5" @default.
- W2000878854 hasLocation W20008788541 @default.
- W2000878854 hasOpenAccess W2000878854 @default.
- W2000878854 hasPrimaryLocation W20008788541 @default.
- W2000878854 hasRelatedWork W1496492070 @default.
- W2000878854 hasRelatedWork W1588693896 @default.
- W2000878854 hasRelatedWork W1957016246 @default.
- W2000878854 hasRelatedWork W1994524956 @default.
- W2000878854 hasRelatedWork W2238438856 @default.
- W2000878854 hasRelatedWork W2350979147 @default.
- W2000878854 hasRelatedWork W2366725294 @default.
- W2000878854 hasRelatedWork W2979757711 @default.
- W2000878854 hasRelatedWork W3126541653 @default.
- W2000878854 hasRelatedWork W3123351290 @default.
- W2000878854 hasVolume "48" @default.
- W2000878854 isParatext "false" @default.
- W2000878854 isRetracted "false" @default.
- W2000878854 magId "2000878854" @default.
- W2000878854 workType "article" @default.