THE ROLE OF MANAGERIAL ABILITY IN INDONESIA: INVESTMENT OPPORTUNITY SETS, ENVIRONMENTAL UNCERTAINTY, TAX AVOIDANCE
نویسندگان
چکیده
منابع مشابه
Uncertainty , Investment , and Managerial Incentives ∗
This study provides evidence that managerial incentives, shaped by compensation contracts, help to explain the empirical relationship between uncertainty and investment. We develop a model in which the manager, induced by an incentive contract, makes investment decisions for a firm that faces time-varying volatility. In the model, a manager’s privately optimal investment response to a volatilit...
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ژورنال
عنوان ژورنال: Humanities & Social Sciences Reviews
سال: 2020
ISSN: 2395-6518
DOI: 10.18510/hssr.2020.84123