Optimal effort under high-water mark contracts
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DOI: 10.1016/j.econmod.2017.03.029
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- Wang, Ying & Huang, Wenli & Liu, Bo & Zhang, Xiaohong, 2020. "Optimal effort in the principal-agent problem with time-inconsistent preferences," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
- Xu, Jing, 2022. "Competition and equilibrium effort choice," Journal of Economic Dynamics and Control, Elsevier, vol. 137(C).
- Mu, Congming & Yan, Jingzhou & Liang, Zhian, 2021. "Optimal risk taking under high-water mark contract with jump risk," Finance Research Letters, Elsevier, vol. 38(C).
- Cumming, Douglas & Monteiro, Pedro, 2022. "Hedge fund sales fees and the flow of funds around the world," Economic Modelling, Elsevier, vol. 112(C).
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More about this item
Keywords
G11; G23; Hedge fund; Manager's effort; Alpha; Liquidation risk; High-water mark;All these keywords.
JEL classification:
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
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