Optimal Information Asymmetry, Control Environment, and Investment in Firm-Specific Human Capital

When future operations are expected to provide information rents, managers concerned with being replaced can entrench themselves with value-increasing firm-specific human capital (SHC). In motivating SHC investment, the firm trades off the incentive effects of an ex ante commitment to asymmetric inf...

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Veröffentlicht in:	The Accounting review 2015-05, Vol.90 (3), p.917-939
Hauptverfasser:	Brisley, Neil, Douglas, Alan V.
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounting Bias Boards of directors Commitments Human capital Information control Motivation Preferences Regulation Stockholders Studies
Online-Zugang:	Volltext
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