财务管理管理模式.pptVIP

Principal-agent Modeling 責任代理模式;我請您們考慮一些問題;我請您們考慮一些問題;我請您們考慮一些問題;我請您們考慮一些問題;Agency Problems and Behavior代理人的行為与問題;Agency Problems and Behavior代理人的行為与問題;Agency Problems and Behavior代理人的行為与問題;誰是代理人？什么是代理成本？;誰是代理人？什么是代理成本？;Agency Costs;Agency Costs;Agency Costs;Examples of the Principal-agent Model;Examples of the Principal-agent Model;Now, let’s assume that you cannot monitor and observe the agent directly. What would you, as the agent, do?;What can we say, up to this point?;Fixed Payment to the Principal;Fixed Payment to the Principal;Incentive Compatible Contract – Problem Setup;Incentive