Blar i Norges Banks vitenarkiv på emneord "optimal contracts"
Viser treff 1-1 av 1
-
Portfolio Choice When Managers Control Returns
(Working Papers;15/2005, Working paper, 2005)This paper investigates the allocation decision of an investor with two projects. Separate managers control the mean return from each project, and the investor may or may not observe the managers’ actions. We show that the ...