𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Managerial Incentives, Fraud, and Monitoring

✍ Scribed by H. David Robison; Rudy Santore


Book ID
109178364
Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
250 KB
Volume
46
Category
Article
ISSN
0732-8516

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## 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