Masters of the Universe: How power and accountability influence self-serving decisions under moral hazard
This article provides an answer to the question of why agents make self-serving decisions under moral hazard and how their self-serving decisions can be kept in check through institutional arrangements. Our theoretical model predicts that the agents' power and the manner in which they are held...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2013
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/4953 https://ink.library.smu.edu.sg/context/lkcsb_research/article/5952/viewcontent/pitesa_thau_JAP_2013_afv.pdf |
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| Institution: | Singapore Management University |
| Language: | English |