Article

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يناير 10, 2023

/ muath alhasan / Amjad Iqbal


Article

Retention contracts with asymmetric information: optimistic approach vs pessimistic approach

يناير 01, 2023

/ Belkacem Athamena / Zina houhamdi / Amer Qasem

This paper aims to focus on the utilization of retention contracts to screen and discipline managers in a context in which the council, board of directors, possesses incomplete information about the consequences of managers’ decisions. The analysis enlightens us on empire building, on the slight connection between achievement and firing, and describes concerns about the belief that low achievements result from bad managers. Design/methodology/approach This paper analyzes a basic model to sh...


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