• A Repeated Principal-Agent Model with On-the-Job Search 

      Herbold, Daniel (2014-08-01)
      This paper analyzes how on-the-job search (OJS) by an agent impacts the moral hazard problem in a repeated principal-agent relationship. OJS is found to constitute a source of agency costs because efficient search incentives ...
    • Argentum 

      Unbekannter Autor
      Argentum was created in 2001 with the aim of delivering competitive returns and creating a more well-functioning capital market for unlisted companies. Our core expertise is evaluating and selecting private equity funds ...
    • Broennoeysundregistrene 

      Unbekannter Autor
      The Brønnøysund Register Center develops and operates digital services that streamline, coordinate and simplify the dialogue with the public sector for individuals and companies. We operate many of the country's most ...
    • Coinvestment and risk taking in private equity funds 

      Bienz, Carsten; Thorburn, Karin; Walz, Uwe (2016-01-01)
      Private equity fund managers are typically required to invest their own money alongside the fund. We examine how this coinvestment affects the acquisition strategy of leveraged buyout funds. In a simple model, where the ...
    • NHH 

      Unbekannter Autor
      NHH - Norwegian School of Economics
    • NVCA 

      Unbekannter Autor
      The National Venture Capital Association (NVCA) empowers the next generation of American companies that will fuel the economy of tomorrow. As the voice of the U.S. venture capital and startup community, NVCA advocates for ...
    • Only Time will Tell: A Theory of Deferred Compensation 

      Hoffmann, Florian; Inderst, Roman; Opp, Marcus M. (2018-08-09)
      This paper provides a complete characterization of optimal contracts in principal-agent settings where the agent's action has persistent effects. We model general information environments via the stochastic process of the ...