| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061631 | Economics Letters | 2008 | 4 Pages |
Abstract
This paper examines the trade-off shareholders face between providing managers with incentives to exert beneficial effort and to engage in costly fraudulent activity. We provide a solution to the optimal compensation problem, given that shareholders can either grant (restricted) stock or stock options and given fixed average compensation costs.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Rainer Andergassen,