Browsing Business by Subject "Agency problems"

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Can agent cheap talk mitigate agency problems in the presence of a noisy performance measure? An experimental test in a single- and multi-period setting

Douthit, Jeremy D.; Kearney, Linwood W.; Stevens, Douglas E. (American Accounting Association, 2012-12)

Given traditional agency theory assumptions and unobservable effort in a single-period setting, a moral hazard arises in which the agent is expected to shirk and provide the minimal possible effort after contracting with ...