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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Budde, Jörg | en |
dc.contributor.author | Kräkel, Matthias | en |
dc.date.accessioned | 2008-12-10 | - |
dc.date.accessioned | 2009-08-06T12:40:57Z | - |
dc.date.available | 2009-08-06T12:40:57Z | - |
dc.date.issued | 2008 | - |
dc.identifier.uri | http://hdl.handle.net/10419/27167 | - |
dc.description.abstract | Several empirical findings have challenged the traditional view on the trade-off between risk and incentives. By combining risk aversion and limited liability in a standard principal-agent model the empiri- cal puzzle on the positive relationship between risk and incentives can be explained. Increasing risk leads to a less informative performance signal. Under limited liability; the principal may optimally react by in- creasing the weight on the signal and; hence; choosing higher-powered incentives. | en |
dc.language.iso | eng | en |
dc.publisher | |aUniversity of Bonn, Bonn Graduate School of Economics (BGSE) |cBonn | en |
dc.relation.ispartofseries | |aBonn Econ Discussion Papers |x6/2008 | en |
dc.subject.jel | D82 | en |
dc.subject.jel | D86 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | moral hazard | en |
dc.subject.keyword | limited liability | en |
dc.subject.keyword | risk-incentive relationship | en |
dc.subject.stw | Moral Hazard | en |
dc.subject.stw | Beschränkte Haftung | en |
dc.subject.stw | Leistungsanreiz | en |
dc.subject.stw | Risikoaversion | en |
dc.subject.stw | Agency Theory | en |
dc.subject.stw | Theorie | en |
dc.title | Limited Liability and the Risk-Incentive Relationship | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 587680504 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:bonedp:62008 | - |
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