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Financial innovations and managerial incentive contracting

✍ Scribed by Saltuk Ozerturk

Book ID
110725628
Publisher
John Wiley and Sons
Year
2006
Tongue
English
Weight
175 KB
Volume
39
Category
Article
ISSN
0008-4085

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Managerial incentives for process innova
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✍ Bastiaan M. Overvest; Jasper Veldman πŸ“‚ Article πŸ“… 2008 πŸ› John Wiley and Sons 🌐 English βš– 116 KB

## Abstract Cost‐reducing investments by firms are often not publicly observable. This lack of observability would preclude a strategic use of process innovation. However, we show that an observable and verifiable contract that provides direct monetary incentives for cost reductions β€” an innovation