The New Form Agency Problem: Cooperation and Circular Agency
Author
Abstract
Suggested Citation
DOI: 10.1515/bejeap-2022-0188
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Maskin, Eric & Tirole, Jean, 1990. "The Principal-Agent Relationship with an Informed Principal: The Case of Private Values," Econometrica, Econometric Society, vol. 58(2), pages 379-409, March.
- Oh, Frederick Dongchuhl & Shin, Sean Seunghun, 2020. "Does product market competition affect corporate governance? Evidence from corporate takeovers," Journal of Empirical Finance, Elsevier, vol. 59(C), pages 68-87.
- Kuang, Yu Flora & Lee, Gladys, 2017. "Corporate fraud and external social connectedness of independent directors," Journal of Corporate Finance, Elsevier, vol. 45(C), pages 401-427.
- David E. M. Sappington, 1991. "Incentives in Principal-Agent Relationships," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 45-66, Spring.
- Frederick Dongchuhl Oh & Kyung Suh Park, 2016. "Corporate governance structure and product market competition," Applied Economics, Taylor & Francis Journals, vol. 48(14), pages 1281-1292, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Lee, Kyounghun & Oh, Frederick Dongchuhl, 2022. "Mandatory disclosure, investment, and private benefits of control," Economics Letters, Elsevier, vol. 216(C).
- Marcelo Bianconi, 2004. "Aggregate and Idiosyncratic Risk and the Behavior of Individual Preferences under Moral Hazard," Discussion Papers Series, Department of Economics, Tufts University 0410, Department of Economics, Tufts University.
- Schmid, Andreas, 2007. "Incentive Compatibility and Efficiency in the contractual Insurer-Provider Relationship: Economic Theory and practical Implications: The Case of North Carolina," MPRA Paper 23311, University Library of Munich, Germany, revised 2008.
- Koessler, Frédéric & Skreta, Vasiliki, 2016.
"Informed seller with taste heterogeneity,"
Journal of Economic Theory, Elsevier, vol. 165(C), pages 456-471.
- Frédéric Koessler & Vassiliki Skreta, 2016. "Informed seller with taste heterogeneity," Post-Print halshs-01379293, HAL.
- Frédéric Koessler & Vassiliki Skreta, 2016. "Informed seller with taste heterogeneity," PSE-Ecole d'économie de Paris (Postprint) halshs-01379293, HAL.
- Zhen Li & Yitong Sun & Jinhao Liu & Yi Li & Zhifang Zhou, 2024. "Corporate violations and bank debt cost: The insurance effect of corporate social responsibility," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4487-4503, September.
- Xiaoyan Qian & Chunling Zhu, 2007. "Risk Control of Pension Fund Management in China," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 15(6), pages 37-52, November.
- Eduardo Perez-Richet, 2014.
"Interim Bayesian Persuasion: First Steps,"
American Economic Review, American Economic Association, vol. 104(5), pages 469-474, May.
- Eduardo Perez, 2015. "Interim Bayesian Persuasion: First Steps," Post-Print hal-03392982, HAL.
- Carmona, Guilherme & Fajardo, José, 2009.
"Existence of equilibrium in common agency games with adverse selection,"
Games and Economic Behavior, Elsevier, vol. 66(2), pages 749-760, July.
- Guilherme Carmona & Fajardo, Jose, 2006. "Existence of equilibrium in common agency games with adverse selection," Nova SBE Working Paper Series wp490, Universidade Nova de Lisboa, Nova School of Business and Economics.
- Guilherme Carmona & José Fajardo, 2006. "Existence of Equilibrium in Common Agency Games with Adverse Selection," IBMEC RJ Economics Discussion Papers 2006-05, Economics Research Group, IBMEC Business School - Rio de Janeiro.
- Ansgar Richter & Susanne Schrader, 2017. "Levels of Employee Share Ownership and the Performance of Listed Companies in Europe," British Journal of Industrial Relations, London School of Economics, vol. 55(2), pages 396-420, June.
- Schumacher, Heiner & Thysen, Heidi Christina, 2022.
"Equilibrium contracts and boundedly rational expectations,"
Theoretical Economics, Econometric Society, vol. 17(1), January.
- Schumacher, Heiner & Thysen, Heidi, 2017. "Equilibrium Contracts and Boundedly Rational Expectations," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168085, Verein für Socialpolitik / German Economic Association.
- Laffont, Jean-Jacques & Martimort, David, 2005.
"The design of transnational public good mechanisms for developing countries,"
Journal of Public Economics, Elsevier, vol. 89(2-3), pages 159-196, February.
- Laffont, Jean-Jacques & Martimort, David, 2004. "The Design of Transnational Public Good Mechanisms for Developing Countries," IDEI Working Papers 267, Institut d'Économie Industrielle (IDEI), Toulouse.
- Feess Eberhard & Walzl Markus & Schieble Michael, 2011.
"Why it Pays to Conceal: On the Optimal Timing of Acquiring Verifiable Information,"
German Economic Review, De Gruyter, vol. 12(1), pages 100-123, February.
- Eberhard Feess & Michael Schieble & Markus Walzl, 2011. "Why it Pays to Conceal: On the Optimal Timing of Acquiring Verifiable Information," German Economic Review, Verein für Socialpolitik, vol. 12(1), pages 100-123, February.
- Feess, E. & Walzl, M., 2006. "Why it pays to conceal - on the optimal timing of acquiring verifiable information," Research Memorandum 020, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
- Vasconcelos, Luís, 2014.
"Contractual signaling, relationship-specific investment and exclusive agreements,"
Games and Economic Behavior, Elsevier, vol. 87(C), pages 19-33.
- Luis Vasconcelos, 2006. "Contractual signalling, relationship-specific investment and exclusive agreements," Nova SBE Working Paper Series wp495, Universidade Nova de Lisboa, Nova School of Business and Economics.
- Watson, Joel, 2002.
"Starting Small and Commitment,"
Games and Economic Behavior, Elsevier, vol. 38(1), pages 176-199, January.
- Joel Watson, 1999. "Starting Small and Commitment," Cowles Foundation Discussion Papers 1217, Cowles Foundation for Research in Economics, Yale University.
- Watson, Joel, 1999. "Starting Small and Commitment," University of California at San Diego, Economics Working Paper Series qt37p340fc, Department of Economics, UC San Diego.
- Andreas Haupt & Zoe Hitzig, 2023. "Opaque Contracts," Papers 2301.13404, arXiv.org.
- Skreta, Vasiliki & Koessler, Frédéric, 2021. "Information Design by an Informed Designer," CEPR Discussion Papers 15709, C.E.P.R. Discussion Papers.
- Jihwan Do & Nicolás Riquelme, 2024. "Information exchange through secret vertical contracts," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 78(3), pages 671-707, November.
- Dongsoo Shin & Roland Strausz, 2014.
"Delegation and dynamic incentives,"
RAND Journal of Economics, RAND Corporation, vol. 45(3), pages 495-520, September.
- Strausz, Roland & Shin, Dongsoo, 2014. "Delegation and Dynamic Incentives," CEPR Discussion Papers 9929, C.E.P.R. Discussion Papers.
- Dongsoo Shin & Roland Strausz, 2014. "Delegation and Dynamic Incentives," CESifo Working Paper Series 4774, CESifo.
- Jin Yeub Kim, 2022. "Neutral public good mechanisms," PLOS ONE, Public Library of Science, vol. 17(4), pages 1-16, April.
- de la Rosa, Leonidas Enrique, 2011.
"Overconfidence and moral hazard,"
Games and Economic Behavior, Elsevier, vol. 73(2), pages 429-451.
- Leonidas Enrique de la Rosa, 2007. "Overconfidence and Moral Hazard," Economics Working Papers 2007-08, Department of Economics and Business Economics, Aarhus University.
More about this item
Keywords
agency problem; circular agency; cooperation;All these keywords.
JEL classification:
- G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:bejeap:v:24:y:2024:i:1:p:97-116:n:8. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.