Agency research in managerial accounting: A second look
S Baiman - Accounting, organizations and society, 1990 - Elsevier
This paper surveys the recent agency literature, emphasizing its managerial accounting
implications. The paper first describes and compares three branches of the agency …
implications. The paper first describes and compares three branches of the agency …
Contracting theory and accounting
RA Lambert - Journal of accounting and economics, 2001 - Elsevier
This paper reviews agency theory and its application to accounting issues. I discuss the
formulation of models of incentive problems caused by moral hazard and adverse selection …
formulation of models of incentive problems caused by moral hazard and adverse selection …
Anticompetitive effects of common ownership
J Azar, MC Schmalz, I Tecu - The Journal of Finance, 2018 - Wiley Online Library
Many natural competitors are jointly held by a small set of large institutional investors. In the
US airline industry, taking common ownership into account implies increases in market …
US airline industry, taking common ownership into account implies increases in market …
Common ownership, competition, and top management incentives
We present a mechanism based on managerial incentives through which common
ownership affects product market outcomes. Firm-level variation in common ownership …
ownership affects product market outcomes. Firm-level variation in common ownership …
The role of information and financial reporting in corporate governance and debt contracting
We review recent literature on the role of financial reporting transparency in reducing
governance-related agency conflicts among managers, directors, and shareholders, as well …
governance-related agency conflicts among managers, directors, and shareholders, as well …
Competition in pricing algorithms
We document new facts about pricing technology using high-frequency data, and we
examine the implications for competition. Some online retailers employ technology that …
examine the implications for competition. Some online retailers employ technology that …
[图书][B] Competition policy: theory and practice
M Motta - 2004 - books.google.com
This is the first book to provide a systematic treatment of the economics of antitrust (or
competition policy) in a global context. It draws on the literature of industrial organisation …
competition policy) in a global context. It draws on the literature of industrial organisation …
[HTML][HTML] Understanding the determinants of managerial ownership and the link between ownership and performance
Both managerial ownership and performance are endogenously determined by exogenous
(and only partly observed) changes in the firm's contracting environment. We extend the …
(and only partly observed) changes in the firm's contracting environment. We extend the …
A theory of predation based on agency problems in financial contracting
P Bolton, DS Scharfstein - The American economic review, 1990 - JSTOR
By committing to terminate funding if a firm's performance is poor, investors can mitigate
managerial incentive problems. These optimal financial constraints, however, encourage …
managerial incentive problems. These optimal financial constraints, however, encourage …