Distorted Performance Measurement and Relational Contracts
نویسندگان
چکیده
منابع مشابه
Distorted performance measurement and relational contracts
This paper analyzes the use of alternative performance measures in an agency model in which contracting incorporates both formal and informal agreements. It is shown that under a proper use of verifiable and unverifiable performance measures, the two types of contracts are complements, regardless of the principal’s fallback position. The analysis therefore contrasts earlier results of the liter...
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ژورنال
عنوان ژورنال: Schmalenbach Business Review
سال: 2008
ISSN: 1439-2917,2194-072X
DOI: 10.1007/bf03396770