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Keywords: controllable risk
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Journal Articles
Contracting with Controllable Risk
Available to Purchase
Journal:
The Accounting Review
The Accounting Review (2022) 97 (4): 27–50.
Published: 01 July 2022
... the mean (e.g., variance when there is a risk-expected return trade-off) they have some ability to control risk and, in turn, the optimal contract calls for incentives that are tied to value-increasing outcomes they can control ( Edmans and Gabaix 2011 ; Chaigneau, Edmans, and Gottlieb 2018...
