Optimal investment for executive stockholders with exponential utility

Author:

Desmettre Sascha

Publisher

Springer Science and Business Media LLC

Subject

General Economics, Econometrics and Finance,Finance

Reference9 articles.

1. Cadenillas A., Cvitanić J., Zapatero F.: Leverage decision and manager compensation with choice of effort and volatility. J. Financ. Econ. 73(1), 71–92 (2004)

2. Core J., Guay W., Larcker D.: Executive equity compensation and incentives: a survey. Econ. Policy. Rev. 9, 27–50 (2003)

3. Desmettre, S.: Optimal portfolios for executive stockholders. PhD thesis, University of Kaiserslautern. http://kluedo.ub.uni-kl.de/volltexte/2010/2555/ (2010)

4. Desmettre S., Gould J., Szimayer A.: Own-company stockholding and work effort preferences of an unconstrained executive. Math. Meth. Oper. Res. 72(3), 347–378 (2010)

5. Holmstrom B.: Moral hazard and observability. Bell J. Econ. 10, 74–91 (1979)

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