Optimal incentive and risk control under imperfect performance measurement and limited liability: model-based analytical studies
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
2010
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | VI, 103 S. graph. Darst. |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV037397264 | ||
| 003 | DE-604 | ||
| 005 | 20110627 | ||
| 007 | t | ||
| 008 | 110513s2010 d||| m||| 00||| eng d | ||
| 035 | |a (OCoLC)730025485 | ||
| 035 | |a (DE-599)BSZ34324554X | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-355 |a DE-N2 |a DE-12 |a DE-188 | ||
| 084 | |a QC 020 |0 (DE-625)141237: |2 rvk | ||
| 100 | 1 | |a Wang, Huan |d 1979- |e Verfasser |0 (DE-588)1012979822 |4 aut | |
| 245 | 1 | 0 | |a Optimal incentive and risk control under imperfect performance measurement and limited liability |b model-based analytical studies |c presented by Huan Wang |
| 264 | 1 | |c 2010 | |
| 300 | |a VI, 103 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 502 | |a Zürich, Univ., Diss., 2010 | ||
| 650 | 0 | 7 | |a Anreizsystem |0 (DE-588)4112532-0 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Entscheidungsfindung |0 (DE-588)4113446-1 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Mathematisches Modell |0 (DE-588)4114528-8 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Leistungsmessung |0 (DE-588)4167290-2 |2 gnd |9 rswk-swf |
| 655 | 7 | |0 (DE-588)4113937-9 |a Hochschulschrift |2 gnd-content | |
| 689 | 0 | 0 | |a Entscheidungsfindung |0 (DE-588)4113446-1 |D s |
| 689 | 0 | 1 | |a Anreizsystem |0 (DE-588)4112532-0 |D s |
| 689 | 0 | 2 | |a Leistungsmessung |0 (DE-588)4167290-2 |D s |
| 689 | 0 | 3 | |a Mathematisches Modell |0 (DE-588)4114528-8 |D s |
| 689 | 0 | |5 DE-604 | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022550035&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-022550035 | ||
Datensatz im Suchindex
| _version_ | 1804145688773132288 |
|---|---|
| adam_text | Titel: Optimal incentive and risk control under imperfect performance measurement and limited liability
Autor: Wang Huan
Jahr: 2010
Contents
Contents Hi
List of Figures v
1 Introduction 1
1.1 Background and Research Questions ..................... 1
1.2 Models and Their Practical Relevance..................... 3
1.3 Organization of the Dissertation........................ 4
2 Performance Measurement and its Relation with Incentive Contracting
and Business Decision-Making 5
2.1 Issues Related to Performance Measurement................. 6
2.1.1 Financial and nonfinancial performance measures.......... 6
2.1.2 Aggregate and individual performance evaluation.......... 7
2.1.3 Design of performance measurement systems............. 8
2.2 Linkage of Performance Measurement to Incentives and Business Decisions 9
2.2.1 Performance measurement and incentive control........... 9
2.2.2 Interaction among performance measurement, incentives, and busi-
ness decisions.............................. 11
3 Incentives under Limited Liability 13
3.1 Basic Concepts and General Discussion of Limited Liability......... 14
3.1.1 The arrival of limited liability..................... 14
3.1.2 The benefits of limited liability .................... 14
3.1.3 The costs associated with limited liability .............. 16
3.2 Incentives of Managers under Limited Liability................ 16
3.2.1 Incentives of managers who are loyal to their shareholders ..... 17
3.2.2 Incentives of self-interested managers to supply effort under limited
liability ................................. 18
3.2.3 Risk-taking incentives of self-interested managers under limited lia-
bility ................................... 20
3.2.4 Risk aversion and limited liability................... 21
4 Can Windfalls Bring Better Motivation?
- Incentive contracting under imperfect performance evaluation and lim-
ited liability 25
4.1 Introduction................................... 26
4.2 Literature Review................................ 27
4.3 The Model.................................... 29
4.4 Benchmark Contract.............................. 30
4.5 Limited Liability Contract........................... 32
4.6 The Generalized Case.............................. 35
4.6.1 Fixed-bonus contract.......................... 36
4.6.2 Linear-sharing contract......................... 38
4.6.3 Fixed-bonus vs. linear-sharing contract................ 39
4.7 Conclusion.................................... 41
4.A Fixed-Bonus Contract in the Case r=0.................... 42
5 Contracting with Subjective Performance Indicators under Limited Li-
ability 45
5.1 Introduction................................... 46
5.2 The Model.................................... 48
5.3 Objective Performance Evaluation....................... 50
5.4 Subjective Performance Evaluation...................... 51
5.5 The Value of a Second Performance Indicator ................ 55
5.5.1 Undistorted evaluation......................... 57
5.5.2 Evaluation with distortion....................... 59
5.6 Conclusion.................................... 60
5. A Proofs of Propositions ............................. 60
6 Can Selection of Risky Projects Lead to a Win-Win Situation under
Limited Liability?
- Risk-taking incentives in decentralized organizations 63
6.1 Introduction................................... 64
6.2 The Model.................................... 66
6.3 The Result.................................... 68
6.3.1 First-best implementation....................... 68
6.3.2 Limited liability............................. 70
6.3.3 A numerical example.......................... 74
6.4 Abandonment Flexibility............................ 76
6.5 Uncontrollable Project Selection........................ 80
6.6 Conclusion.................................... 83
6. A Proofs of Propositions ............................. 85
7 Concluding Remarks 87
7.1 Conclusion.................................... 87
7.2 Outlook..................................... 89
Bibliography 91
|
| any_adam_object | 1 |
| author | Wang, Huan 1979- |
| author_GND | (DE-588)1012979822 |
| author_facet | Wang, Huan 1979- |
| author_role | aut |
| author_sort | Wang, Huan 1979- |
| author_variant | h w hw |
| building | Verbundindex |
| bvnumber | BV037397264 |
| classification_rvk | QC 020 |
| ctrlnum | (OCoLC)730025485 (DE-599)BSZ34324554X |
| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01702nam a2200397 c 4500</leader><controlfield tag="001">BV037397264</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20110627 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">110513s2010 d||| m||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)730025485</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BSZ34324554X</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-N2</subfield><subfield code="a">DE-12</subfield><subfield code="a">DE-188</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QC 020</subfield><subfield code="0">(DE-625)141237:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Wang, Huan</subfield><subfield code="d">1979-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1012979822</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Optimal incentive and risk control under imperfect performance measurement and limited liability</subfield><subfield code="b">model-based analytical studies</subfield><subfield code="c">presented by Huan Wang</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2010</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">VI, 103 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="502" ind1=" " ind2=" "><subfield code="a">Zürich, Univ., Diss., 2010</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Anreizsystem</subfield><subfield code="0">(DE-588)4112532-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Entscheidungsfindung</subfield><subfield code="0">(DE-588)4113446-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Mathematisches Modell</subfield><subfield code="0">(DE-588)4114528-8</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Leistungsmessung</subfield><subfield code="0">(DE-588)4167290-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4113937-9</subfield><subfield code="a">Hochschulschrift</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Entscheidungsfindung</subfield><subfield code="0">(DE-588)4113446-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Anreizsystem</subfield><subfield code="0">(DE-588)4112532-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Leistungsmessung</subfield><subfield code="0">(DE-588)4167290-2</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="3"><subfield code="a">Mathematisches Modell</subfield><subfield code="0">(DE-588)4114528-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022550035&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-022550035</subfield></datafield></record></collection> |
| genre | (DE-588)4113937-9 Hochschulschrift gnd-content |
| genre_facet | Hochschulschrift |
| id | DE-604.BV037397264 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T23:23:26Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-022550035 |
| oclc_num | 730025485 |
| open_access_boolean | |
| owner | DE-384 DE-355 DE-BY-UBR DE-N2 DE-12 DE-188 |
| owner_facet | DE-384 DE-355 DE-BY-UBR DE-N2 DE-12 DE-188 |
| physical | VI, 103 S. graph. Darst. |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| record_format | marc |
| spelling | Wang, Huan 1979- Verfasser (DE-588)1012979822 aut Optimal incentive and risk control under imperfect performance measurement and limited liability model-based analytical studies presented by Huan Wang 2010 VI, 103 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Zürich, Univ., Diss., 2010 Anreizsystem (DE-588)4112532-0 gnd rswk-swf Entscheidungsfindung (DE-588)4113446-1 gnd rswk-swf Mathematisches Modell (DE-588)4114528-8 gnd rswk-swf Leistungsmessung (DE-588)4167290-2 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Entscheidungsfindung (DE-588)4113446-1 s Anreizsystem (DE-588)4112532-0 s Leistungsmessung (DE-588)4167290-2 s Mathematisches Modell (DE-588)4114528-8 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022550035&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Wang, Huan 1979- Optimal incentive and risk control under imperfect performance measurement and limited liability model-based analytical studies Anreizsystem (DE-588)4112532-0 gnd Entscheidungsfindung (DE-588)4113446-1 gnd Mathematisches Modell (DE-588)4114528-8 gnd Leistungsmessung (DE-588)4167290-2 gnd |
| subject_GND | (DE-588)4112532-0 (DE-588)4113446-1 (DE-588)4114528-8 (DE-588)4167290-2 (DE-588)4113937-9 |
| title | Optimal incentive and risk control under imperfect performance measurement and limited liability model-based analytical studies |
| title_auth | Optimal incentive and risk control under imperfect performance measurement and limited liability model-based analytical studies |
| title_exact_search | Optimal incentive and risk control under imperfect performance measurement and limited liability model-based analytical studies |
| title_full | Optimal incentive and risk control under imperfect performance measurement and limited liability model-based analytical studies presented by Huan Wang |
| title_fullStr | Optimal incentive and risk control under imperfect performance measurement and limited liability model-based analytical studies presented by Huan Wang |
| title_full_unstemmed | Optimal incentive and risk control under imperfect performance measurement and limited liability model-based analytical studies presented by Huan Wang |
| title_short | Optimal incentive and risk control under imperfect performance measurement and limited liability |
| title_sort | optimal incentive and risk control under imperfect performance measurement and limited liability model based analytical studies |
| title_sub | model-based analytical studies |
| topic | Anreizsystem (DE-588)4112532-0 gnd Entscheidungsfindung (DE-588)4113446-1 gnd Mathematisches Modell (DE-588)4114528-8 gnd Leistungsmessung (DE-588)4167290-2 gnd |
| topic_facet | Anreizsystem Entscheidungsfindung Mathematisches Modell Leistungsmessung Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=022550035&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT wanghuan optimalincentiveandriskcontrolunderimperfectperformancemeasurementandlimitedliabilitymodelbasedanalyticalstudies |