Browsing NTNU Open by Author "Valholm, Stian Strande"
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Optimal Executive Incentives in a Principal Agent Framework: The Effects of Risk Aversion Modelling Choices
Kløve, Birgit; Valholm, Stian Strande (Master thesis, 2011)In order to determine the structure of the optimal CEO contract, we create a principal agent model and implement it on a sample of Norwegian firms. The model takes account of executives loss‐ and risk‐aversion and the ...