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This paper considers dynamic moral hazard settings, in which the agent's actions have consequences over a long horizon. To maintain incentives, the optimal contract defers the agent's compensation and...
Outsourcing Mutual Fund Management: Firm Boundaries, Incentives and Performance
Outsourcing Mutual Fund Management Firm Boundaries Incentives Performance
2014/3/18
We investigate the effects of managerial outsourcing on the performance and incentives of mutual funds. Fund families outsource the management of a large fraction of their funds to advisory firms. The...
Outsourcing Mutual Fund Management: Firm Boundaries, Incentives and Performance
Outsourcing Mutual Fund Management Firm Boundaries Incentives Performance
2014/3/18
We investigate the effects of managerial outsourcing on the performance and incentives of mutual funds. Fund families outsource the management of a large fraction of their funds to advisory firms. The...
Outsourcing Mutual Fund Management: Firm Boundaries, Incentives and Performance
Outsourcing Mutual Fund Management Firm Boundaries Incentives Performance
2014/3/18
We investigate the effects of managerial outsourcing on the performance and incentives of mutual funds. Fund families outsource the management of a large fraction of their funds to advisory firms. The...
THE EMPLOYMENT IMPACT OF BUSINESS INVESTMENT INCENTIVES IN DECLINING AREAS: AN EVALUATION OF THE EU “ OBJECTIVE 2 AREA” PROGRAMS
Urban and regional economic development impact evaluation employment policy Structural Funds
2014/6/26
Beginning in 1989, the European Union started targeting its Structural Funds business incentives geographically to industrial areasthat have been facing above average unemployment and industrial job l...