Optimal Executive Incentives in a Principal Agent Framework : The Effects of Risk Aversion Modelling Choices
In order to determine the structure of the optimal CEO contract, we create a principal agent model and implement it on a sample of Norwegian firms. The model takes account of executives’ loss‐ and risk‐aversion and the fact that undiversified and risk&#82...
| Main Authors: | , |
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| Format: | Others |
| Language: | English |
| Published: |
Norges teknisk-naturvitenskapelige universitet, Institutt for industriell økonomi og teknologiledelse
2011
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| Subjects: | |
| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:no:ntnu:diva-15069 |