WP_060220.dvi
managerial risk-taking. But under law that is insufficiently soft, this moral hazard zákon) může sice částečně eliminovat přílišné riskování ze strany managementu dlužníka,
nyvltova
Sung, J. Optimal Contracts Under Adverse Selection and Moral Hazard: A Continuous ... selection and moral hazard problems. The goal of the paper is to provide detailed view of this issue and to discuss ...
compadvfinance2009feb05.dvi
out small and finance constrained. As their technology matures, managerial moral hazard is narrowed
Agency Cost - ordnur textile AND finance
... monitor all managerial actions. To reduce agency conflicts and the moral hazard problem, stockholders must incur agency costs, which include all costs designed to encourage managers to maximize ...
Executive Compensation and Debt Structure of reits
on the moral hazard problem. The ways in which managerial compensation, especially the ing financing structure is secured debt. Secured debt mitigates the moral hazard problem ... sensitive to managerial ...
Politická ekonomie
hölmstrom, B. 1979. Moral Hazard and Observability. Bell Journal of Economics. 1979, vol. 10, no. 1, s. 74–91.
Fachsprache Jura - Home - Universität Regensburg
a : a. s.→ AG, die zkratka: akciová společnost (obchodní kapitálová společnost) abdikace, f → Abdikation, die odstoupení z funkce, vzdání se funkce ...
annals OF economics AND finance
... a costly managerial extra-effort, but the bank is unable to observe such an effort: a moral hazard problem may therefore occur. During an economic downturn the project’s expected prof- itability is ...
Moral hazard - Wikipedia, the free encyclopedia
Moral hazard can occur when upper management is shielded from the consequences of poor decision making. This situation can occur in a variety of situations, such as the following:
JII 34-2, Fall 2011_InsCover
... industry.” Moreover, managerial discretion theory fails to explain the popularity of mutual ownership in special risk areas, like medical malpractice, fishing, and agriculture. Smith and Stutzer (1995 ...
Fachsprache Jura
a: a. s.→ AG, die zkratka: akciová společnost (obchodní kapitálová společnost) abdikace, f → Abdikation, die odstoupení z funkce, vzdání se funkce ...
Microsoft Word - Chapter 8_Voluntary Amalgamation of ...
in the last decade. They can be explained under the five following caps: (i) the principal – agent problem; (ii) Information asymmetry; (iii) moral hazard; (iv) the lack of transparency
PA2_12b
2.1 Moral hazard and adverse selection Having asymmetric information we can come to moral hazard and adverse selection. Moral hazard can be expressed for instance by changes of agent’s behavior after ...
Naše demokracie není zdravá, řekl Ivan Havel na konferenci ...
Naše demokracie není zdravá, řekl Ivan Havel na konferenci Forum 2000 Autor: Kristýna Dlvá | Kurz: Stisk | Kategorie: Zpravodajství. Jsme spokojeni s ...
gesy: Discussion Papers
... based managerial incentives in the nineties had little to do with these theoretical accounts. The experience of moral hazard that has accompanied this expansion, on the side of gate-keeping ...
Has Moral Hazard Become a More Important Factor in ...
... practically all the increase in managerial compensation to moral hazard, and hardly any of it to changes in the supply and demand for managers, as reflected in the participation condition and hence α
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