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Dynamic Agency and the q Theory of Investment

Citations

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Cited by:

  1. Yibo Li & Haonan Li, 2026. "The benefits share of digital infrastructure," Empirical Economics, Springer, vol. 70(1), pages 1-45, January.
  2. Eisfeldt, Andrea L. & Kuhnen, Camelia M., 2013. "CEO turnover in a competitive assignment framework," Journal of Financial Economics, Elsevier, vol. 109(2), pages 351-372.
  3. Wu, Wei & Niu, Yingjie & Wu, Yaoyao & Xu, Hongru, 2022. "Ambiguity, limited commitment, and the q theory of investment," The North American Journal of Economics and Finance, Elsevier, vol. 60(C).
  4. Wang, Ying & Huang, Wenli & Liu, Bo & Zhang, Xiaohong, 2020. "Optimal effort in the principal-agent problem with time-inconsistent preferences," The North American Journal of Economics and Finance, Elsevier, vol. 52(C).
  5. Ana Albuquerque & Benjamin Bennett & Cláudia Custódio & Dragana Cvijanović, 2023. "CEO compensation and real estate prices: pay for luck or pay for action?," Review of Accounting Studies, Springer, vol. 28(4), pages 2401-2447, December.
  6. Xiaoji Lin & Fan Yang & Frederico Belo, 2014. "External Equity Financing Costs, Financial Flows, and Asset Prices," 2014 Meeting Papers 863, Society for Economic Dynamics.
  7. Liu Gan & Chong Wang, 2021. "Option‐for‐guarantee swaps and flexible investment opportunities," International Review of Finance, International Review of Finance Ltd., vol. 21(4), pages 1286-1301, December.
  8. Matthias Breuer & David Windisch, 2019. "Investment Dynamics and Earnings‐Return Properties: A Structural Approach," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 57(3), pages 639-674, June.
  9. Ulf Axelson & Philip Bond, 2015. "Wall Street Occupations," Journal of Finance, American Finance Association, vol. 70(5), pages 1949-1996, October.
  10. Maideu-Morera, Gerard, 2024. "Firm Size and Compensation Dynamics with Risk Aversion and Persistent Private Information," TSE Working Papers 24-1535, Toulouse School of Economics (TSE).
  11. Hiroshi Osano & Keiichi Hori, 2015. "A Dynamic Agency Theory of Investment and Managerial Replacement," KIER Working Papers 921, Kyoto University, Institute of Economic Research.
  12. Frederico Belo & Chen Xue & Lu Zhang, 2010. "Cross-sectional Tobin's Q," NBER Working Papers 16336, National Bureau of Economic Research, Inc.
  13. Niu, Huawei & Hua, Wei, 2019. "An endogenous structural credit risk model incorporating with moral hazard and rollover risk," Economic Modelling, Elsevier, vol. 78(C), pages 47-59.
  14. Kriengkrai Boonlert‐U‐Thai & Achariya Suriyawong & Sirimon Treepongkaruna, 2025. "From Smoke to Stock: Effect of PM2.5 on Firm Performance," Sustainable Development, John Wiley & Sons, Ltd., vol. 33(6), pages 8316-8328, December.
  15. Xavier Freixas & Jean-Charles Rochet, 2012. "Taming SIFIs," Economics Working Papers 1328, Department of Economics and Business, Universitat Pompeu Fabra.
  16. Gian Luca Clementi & Thomas Cooley & Sonia Di Giannatale, 2010. "A Theory of Firm Decline," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(4), pages 861-885, October.
  17. Chong Lai & Rui Li & Yonghong Wu, 2020. "Optimal compensation and investment affected by firm size and time-varying external factors," Annals of Finance, Springer, vol. 16(3), pages 407-422, September.
  18. Rui Li & Dana Kiku & Hengjie Ai, 2014. "A Mechanism Design Model of Firm Dynamics: The Case of Limited Commitment," 2014 Meeting Papers 855, Society for Economic Dynamics.
  19. Martijn Cremers & Yaniv Grinstein, 2009. "The Market for CEO Talent: Implications for CEO Compensation," Yale School of Management Working Papers amz2385, Yale School of Management, revised 01 Sep 2009.
  20. Liu, Bo & Niu, Yingjie & Zhang, Yuhua, 2019. "Corporate liquidity and risk management with time-inconsistent preferences," Economic Modelling, Elsevier, vol. 81(C), pages 295-307.
  21. Lange, Rutger-Jan & Teulings, Coen N., 2024. "Irreversible investment under predictable growth: Why land stays vacant when housing demand is booming," Journal of Economic Theory, Elsevier, vol. 215(C).
  22. Gryglewicz, Sebastian & Mayer, Simon & Morellec, Erwan, 2020. "Agency conflicts and short- versus long-termism in corporate policies," Journal of Financial Economics, Elsevier, vol. 136(3), pages 718-742.
  23. Jiang, Lunan & Chen, Yinghui & Zhang, Lin, 2024. "Monetary policy surprises and corporate investment growth in China," Economic Modelling, Elsevier, vol. 131(C).
  24. Liu, Jianhua & Liu, Jingjun & Tang, Zhenyang & Xu, Yue, 2024. "Provincial economic growth and firm excess investment: Evidence from China," Economic Modelling, Elsevier, vol. 137(C).
  25. Pereira da Silva, Paulo, 2021. "Do managers pay attention to the market? A review of the relationship between stock price informativeness and investment," Journal of Multinational Financial Management, Elsevier, vol. 59(C).
  26. Graham, John R. & Kim, Hyunseob & Leary, Mark, 2020. "CEO-board dynamics," Journal of Financial Economics, Elsevier, vol. 137(3), pages 612-636.
  27. Zhiguo He & Bin Wei & Jianfeng Yu & Feng Gao, 2017. "Optimal Long-Term Contracting with Learning," The Review of Financial Studies, Society for Financial Studies, vol. 30(6), pages 2006-2065.
  28. Yaoyao Wu & Jinqiang Yang & Zhentao Zou, 2018. "Ambiguity sharing and the lack of relative performance evaluation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 66(1), pages 141-157, July.
  29. Jianjun Miao & Alejandro Rivera, 2016. "Robust Contracts in Continuous Time," Econometrica, Econometric Society, vol. 84, pages 1405-1440, July.
  30. Yingjie Niu & Jinqiang Yang & Zhentao Zou, 2021. "Investment decisions under incomplete markets in the presence of wealth effects," Journal of Economics, Springer, vol. 133(2), pages 167-189, July.
  31. Min Dai & Xavier Giroud & Wei Jiang & Neng Wang, 2024. "A q$q$ Theory of Internal Capital Markets," Journal of Finance, American Finance Association, vol. 79(2), pages 1147-1197, April.
  32. Katolnik, Svetlana & Schöndube, Jens Robert, 2015. "Don't Kill the Goose that Lays the Golden Eggs: Strategic Delay in Project Completion," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 113046, Verein für Socialpolitik / German Economic Association.
  33. Cetemen, Doruk & Feng, Felix Zhiyu & Urgun, Can, 2023. "Renegotiation and dynamic inconsistency: Contracting with non-exponential discounting," Journal of Economic Theory, Elsevier, vol. 208(C).
  34. Sami Bacha, 2014. "Does Hedging Financing Ensure Shareholder Value: The Case of Investment Decision," International Journal of Empirical Finance, Research Academy of Social Sciences, vol. 3(5), pages 225-233.
  35. Rampini, Adriano A. & Viswanathan, S., 2013. "Collateral and capital structure," Journal of Financial Economics, Elsevier, vol. 109(2), pages 466-492.
  36. Décamps, Jean-Paul & Gryglewicz, S. & Morellec, E. & Villeneuve, Stéphane, 2015. "Corporate Policies with Temporary and Permanent Shocks," IDEI Working Papers 843, Institut d'Économie Industrielle (IDEI), Toulouse, revised Mar 2016.
  37. Hui Chen & Jianjun Miao & Neng Wang, 2010. "Entrepreneurial Finance and Nondiversifiable Risk," The Review of Financial Studies, Society for Financial Studies, vol. 23(12), pages 4348-4388, December.
  38. Sandro Brusco & Giuseppe Lopomo & Eva Ropero & Alessandro T. Villa, 2021. "Optimal financial contracting and the effects of firm's size," RAND Journal of Economics, RAND Corporation, vol. 52(2), pages 446-467, June.
  39. Piskorski, Tomasz & Westerfield, Mark M., 2016. "Optimal dynamic contracts with moral hazard and costly monitoring," Journal of Economic Theory, Elsevier, vol. 166(C), pages 242-281.
  40. Dumav, Martin & Fuchs, William & Lee, Jangwoo, 2022. "Self-enforcing contracts with persistence," Journal of Monetary Economics, Elsevier, vol. 128(C), pages 72-87.
  41. Patrick Bolton & Neng Wang & Jinqiang Yang, 2016. "Liquidity and Risk Management: Coordinating Investment and Compensation Policies," 2016 Meeting Papers 1703, Society for Economic Dynamics.
  42. Yang, Zeyu & Zhuo, Jiayi & Zhang, Yuqian, 2024. "Risk management and optimal investment with inalienable human capital," Finance Research Letters, Elsevier, vol. 61(C).
  43. Yuan, Jun & Yang, Liuyong & Xu, Qi, 2025. "The real side of black swans: Tail risk and corporate investment," Journal of Banking & Finance, Elsevier, vol. 176(C).
  44. Shi, Yu & Song, Dandan & Luo, Pengfei, 2025. "Corporation social responsibility and dynamic agency under jump risk," Economics Letters, Elsevier, vol. 247(C).
  45. Alexei Tchistyi, 2018. "An Equilibrium Model of Housing and Mortgage Markets with State-Contingent Lending Contracts," 2018 Meeting Papers 244, Society for Economic Dynamics.
  46. Bannier, Christina E. & Schürg, Carolin, 2015. "Corporate investment, debt and liquidity choices in the light of financial constraints and hedging needs," CFS Working Paper Series 509, Center for Financial Studies (CFS).
  47. Zhang, Yuqian & Yang, Zhaojun, 2024. "Dynamic incentive contracts for ESG investing," Journal of Corporate Finance, Elsevier, vol. 87(C).
  48. Hansen, Peter G., 2022. "New formulations of ambiguous volatility with an application to optimal dynamic contracting," Journal of Economic Theory, Elsevier, vol. 199(C).
  49. Wang, Liyuan & Ding, Chuan & Wang, Zhiyu & Zeng, Siyuan, 2025. "Fixed versus dynamic investment: Optimal contracting with competitive entrepreneurs," Finance Research Letters, Elsevier, vol. 82(C).
  50. Szydlowski, Martin, 2019. "Incentives, project choice, and dynamic multitasking," Theoretical Economics, Econometric Society, vol. 14(3), July.
  51. Bolton, Patrick & Chen, Hui & Wang, Neng, 2013. "Market timing, investment, and risk management," Journal of Financial Economics, Elsevier, vol. 109(1), pages 40-62.
  52. François Gourio & Leena Rudanko, 2014. "Customer Capital," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(3), pages 1102-1136.
  53. Yehong Yang & Guohua Cao, 2021. "Optimal investment and endogenous payout strategy with time inconsistency," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 707-723, January.
  54. Li, Delong & Lu, Lei & Mu, Congming & Yang, Jinqiang, 2019. "Biased beliefs, costly external finance, and firm behavior : A Unified theory," Research Discussion Papers 18/2019, Bank of Finland.
  55. Shi, Jinchuan & Zhang, Xiaoqian, 2018. "How to explain corporate investment heterogeneity in China's new normal: Structural models with state-owned property rights," China Economic Review, Elsevier, vol. 50(C), pages 1-16.
  56. Katolnik, Svetlana & Schöndube, Jens Robert, 2014. "Don't Kill the Goose that Lays the Golden Eggs: Strategic Delay in Project Completion," Hannover Economic Papers (HEP) dp-533, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
  57. Cui, Zhenyu & Lars Kirkby, J. & Nguyen, Duy, 2019. "A general framework for time-changed Markov processes and applications," European Journal of Operational Research, Elsevier, vol. 273(2), pages 785-800.
  58. Ronald Anderson & Cecilia Bustamante & Stéphane Guibaud & Mihail Zervos, 2018. "Agency, Firm Growth, and Managerial Turnover," Post-Print hal-03391936, HAL.
  59. Oscar M. Valencia, 2014. "R&D Investment and Financial Frictions," Borradores de Economia 11840, Banco de la Republica.
  60. Tak-Yuen Wong, 2019. "Dynamic Agency and Endogenous Risk-Taking," Management Science, INFORMS, vol. 65(9), pages 4032-4048, September.
  61. Décamps, Jean Paul & Morellec, Erwan & Villeneuve, Stéphane & Gryglewicz, Sebastian, 2015. "Corporate policies with permanent and temporary shocks," CEPR Discussion Papers 10420, C.E.P.R. Discussion Papers.
  62. Axelson, Ulf & Bond, Philip, 2015. "Wall Street occupations," LSE Research Online Documents on Economics 37448, London School of Economics and Political Science, LSE Library.
  63. Szydlowski, Martin & Yoon, Ji Hee, 2022. "Ambiguity in dynamic contracts," Journal of Economic Theory, Elsevier, vol. 199(C).
  64. Min Dai & Xavier Giroud & Wei Jiang & Neng Wang, 2020. "A q Theory of Internal Capital Markets," NBER Working Papers 27931, National Bureau of Economic Research, Inc.
  65. Ronald Anderson & Cecilia Bustamante & Stéphane Guibaud & Mihail Zervos, 2018. "Agency, Firm Growth, and Managerial Turnover," Sciences Po Economics Publications (main) hal-03391936, HAL.
  66. Ch.-M. CHEVALIER, 2018. "Financial constraints of innovative firms and sectoral growth," Documents de Travail de l'Insee - INSEE Working Papers g2018-05, Institut National de la Statistique et des Etudes Economiques.
  67. Florian Horky & Jarko Fidrmuc & Jan Klacso & Reiner Martin, 2025. "Why do SMEs not Apply for Loans? Bank Loan Application Behavior and Access to Finance in the Euro Area," Working and Discussion Papers WP 18/2025, Research Department, National Bank of Slovakia.
  68. Villeneuve, Stéphane & Abi Jaber, Eduardo, 2022. "Gaussian Agency problems with memory and Linear Contracts," TSE Working Papers 22-1363, Toulouse School of Economics (TSE).
  69. An, Yunbi & Jin, Han & Liu, Qingfu & Zheng, Kaixin, 2022. "Media attention and agency costs: Evidence from listed companies in China," Journal of International Money and Finance, Elsevier, vol. 124(C).
  70. Bruno Biais & Hans Gersbach & Jean-Charles Rochet & Stéphane Villeneuve, 2026. "Dynamic Efficiency With Private Information," Working Papers hal-05551104, HAL.
  71. Della Seta, Marco & Morellec, Erwan & Zucchi, Francesca, 2020. "Short-term debt and incentives for risk-taking," Journal of Financial Economics, Elsevier, vol. 137(1), pages 179-203.
  72. Ronconi, Lucas & Kawamura, Enrique, 2015. "Firms' Investment and Savings in Latin America: Stylized Facts from the Enterprise Survey," IDB Publications (Working Papers) 7349, Inter-American Development Bank.
  73. Peter G. Hansen, 2021. "New Formulations of Ambiguous Volatility with an Application to Optimal Dynamic Contracting," Papers 2101.12306, arXiv.org.
  74. Cao, Dan & Lorenzoni, Guido & Walentin, Karl, 2019. "Financial frictions, investment, and Tobin’s q," Journal of Monetary Economics, Elsevier, vol. 103(C), pages 105-122.
  75. Teulings, Coen & Lange, Rutger-Jan, 2021. "The option value of vacant land: Don't build when demand for housing is booming," CEPR Discussion Papers 16023, C.E.P.R. Discussion Papers.
  76. Sebastian Di Tella, 2017. "Optimal Regulation of Financial Intermediaries," 2017 Meeting Papers 28, Society for Economic Dynamics.
  77. Golosov, M. & Tsyvinski, A. & Werquin, N., 2016. "Recursive Contracts and Endogenously Incomplete Markets," Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 725-841, Elsevier.
  78. Hori, Keiichi & Osano, Hiroshi, 2020. "Dynamic contract and discretionary termination policy under loss aversion," Journal of Economic Dynamics and Control, Elsevier, vol. 111(C).
  79. Martin Szydlowski, 2012. "Ambiguity in Dynamic Contracts," Discussion Papers 1543, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  80. Marcelo Bianconi & Joe Akira Yoshino, 2015. "Firm value, investment and monetary policy," International Journal of Accounting and Finance, Inderscience Enterprises Ltd, vol. 5(3), pages 262-289.
  81. Zhang, Yuqian & Yang, Zhaojun, 2025. "Dynamic incentive contracts with controllable risk," Journal of Economic Dynamics and Control, Elsevier, vol. 178(C).
  82. Ronald Anderson & Cecilia Bustamante & Stéphane Guibaud, 2013. "Agency, Firm Growth, and Managerial Turnover," Working Papers hal-03470530, HAL.
  83. Canh Phuc Nguyen & Thanh Dinh Su, 2021. "Export quality dynamics: Multidimensional evidence of financial development," The World Economy, Wiley Blackwell, vol. 44(8), pages 2319-2343, August.
  84. Dylan Possamaï & Nizar Touzi, 2025. "Is There a Golden Parachute in Sannikov’s Principal–Agent Problem?," Mathematics of Operations Research, INFORMS, vol. 50(2), pages 1173-1203, May.
  85. Vasia Panousi & Dimitris Papanikolaou, 2012. "Investment, Idiosyncratic Risk, and Ownership," Journal of Finance, American Finance Association, vol. 67(3), pages 1113-1148, June.
  86. Hengjie Ai & Kai Li & Rui Li, 2024. "Moral Hazard and Investment-Cash-Flow Sensitivity," Annals of Economics and Finance, Society for AEF, vol. 25(1), pages 143-174, May.
  87. Rui Li, 2018. "Could Risk Management Be Harmful to Firms?," Annals of Economics and Finance, Society for AEF, vol. 19(1), pages 247-263, May.
  88. Li, Rui, 2017. "Dynamic agency with persistent observable shocks," Journal of Mathematical Economics, Elsevier, vol. 71(C), pages 74-91.
  89. Mehran Ebrahimian & Jessica Wachter, 2020. "Risks to Human Capital," NBER Working Papers 26823, National Bureau of Economic Research, Inc.
  90. Anderson, Ronald W. & Bustamante, Maria Cecilia & Guibaud, Stéphane, 2012. "Agency, firm growth, and managerial turnover," LSE Research Online Documents on Economics 43144, London School of Economics and Political Science, LSE Library.
  91. Xiaolan Zhang, 2014. "Who Bears Firm-Level Risk? Implications for Cash Flow Volatility," 2014 Meeting Papers 184, Society for Economic Dynamics.
  92. Zhang, Yuqian, 2025. "Optimal contract design and securities implementation with dynamic investment and learning," Economic Modelling, Elsevier, vol. 152(C).
  93. Suresh Sundaresan & Neng Wang & Jinqiang Yang, 2015. "Dynamic Investment, Capital Structure, and Debt Overhang," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 4(1), pages 1-42.
  94. Wang, Yolanda Yulong, 2023. "Corporate diversification, investment efficiency and the business cycle11This work is supported by Shenzhen Humanities & Social Sciences Key Research Bases," Journal of Corporate Finance, Elsevier, vol. 78(C).
  95. Bolton, Patrick & Wang, Neng & Yang, Jinqiang, 2019. "Investment under uncertainty with financial constraints," Journal of Economic Theory, Elsevier, vol. 184(C).
  96. Christoph Heinzel & Ralph Winkler, 2011. "Distorted Time Preferences and Time-to-Build in the Transition to a Low-Carbon Energy Industry," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 49(2), pages 217-241, June.
  97. Morellec, Erwan & Gryglewicz, Sebastian & Mayer, Simon, 2018. "Agency Conflicts over the Short and Long Run: Short-termism, Long-termism, and Pay-for-Luck," CEPR Discussion Papers 12720, C.E.P.R. Discussion Papers.
  98. Likitwongkajon, Napaporn & Vithessonthi, Chaiporn, 2021. "The short- and long-run effects of foreign investments on firm performance: Evidence from Asia Pacific," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 366-385.
  99. Yang, Yehong & You, Xun & Sun, Yuqian, 2026. "Dynamic Agency, financial hedging and optimal investment," The North American Journal of Economics and Finance, Elsevier, vol. 81(C).
  100. Patrick Bolton & Ye Li & Neng Wang & Jinqiang Yang, 2020. "Dynamic Banking and the Value of Deposits," NBER Working Papers 28298, National Bureau of Economic Research, Inc.
  101. Yu Huang & Nengjiu Ju & Hao Xing, 2023. "Performance Evaluation, Managerial Hedging, and Contract Termination," Management Science, INFORMS, vol. 69(8), pages 4953-4971, August.
  102. Strulovici, Bruno & Szydlowski, Martin, 2015. "On the smoothness of value functions and the existence of optimal strategies in diffusion models," Journal of Economic Theory, Elsevier, vol. 159(PB), pages 1016-1055.
  103. Sergio Rebelo & Neng Wang & Jinqiang Yang, 2022. "Rare Disasters, Financial Development, and Sovereign Debt," Journal of Finance, American Finance Association, vol. 77(5), pages 2719-2764, October.
  104. Oliver Levine & Brent Glover, 2014. "Idiosyncratic Risk and the Manager," 2014 Meeting Papers 736, Society for Economic Dynamics.
  105. Frederico Belo & Xiaoji Lin & Fan Yang, 2019. "External Equity Financing Shocks, Financial Flows, and Asset Prices," The Review of Financial Studies, Society for Financial Studies, vol. 32(9), pages 3500-3543.
  106. Li, Delong & Lu, Lei & Mu, Congming & Yang, Jinqiang, 2019. "Biased beliefs, costly external finance, and firm behavior: A Unified theory," Bank of Finland Research Discussion Papers 18/2019, Bank of Finland.
  107. Shi, Huihong & Mu, Congming & Yang, Jinqiang & Huang, Wenli, 2021. "A Sino-US comparative analysis of the hi-tech entrepreneurial model," Economic Modelling, Elsevier, vol. 94(C), pages 953-966.
  108. Benjamin Falkeborg, 2015. "Dealing with Dynamic Agency," Discussion Papers 15-04, University of Copenhagen. Department of Economics.
  109. Ronald Anderson & Cecilia Bustamante & Stéphane Guibaud & Mihail Zervos, 2018. "Agency, Firm Growth, and Managerial Turnover," SciencePo Working papers hal-03391936, HAL.
  110. Hoffmann, Florian & Pfeil, Sebastian, 2021. "Dynamic multitasking and managerial investment incentives," Journal of Financial Economics, Elsevier, vol. 142(2), pages 954-974.
  111. Sanjukta Brahma & Agyenim Boateng & Sardar Ahmad & Yusuf Ag, 2026. "CEO power and post-merger performance in the UK: the moderating effects of corporate governance mechanisms," Review of Quantitative Finance and Accounting, Springer, vol. 66(3), pages 1331-1365, April.
  112. Jiaqi Jiang & Yun Feng, 2021. "The interaction of risk management tools: Financial hedging, corporate diversification and liquidity," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 2396-2413, April.
  113. Dirk Hackbarth & Alejandro Rivera & Tak-Yuen Wong, 2022. "Optimal Short-Termism," Management Science, INFORMS, vol. 68(9), pages 6477-6505, September.
  114. Alexei Tchistyi & Tomasz Piskorski, 2008. "Stochastic House Appreciation and Optimal Mortgage Lending," 2008 Meeting Papers 938, Society for Economic Dynamics.
  115. Lambrecht, Bart & Chen, Shiqi, 2019. "Financial Policies and Internal Governance with Heterogeneous Risk Preferences," CEPR Discussion Papers 13888, C.E.P.R. Discussion Papers.
  116. Rui Li & Noah Williams, 2025. "Optimal contracts with hidden risk," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 58, October.
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  118. Wu, Ting & He, Linfeng & Zhang, Fan, 2021. "Endogenous discounting, investment and Tobin’s q," The North American Journal of Economics and Finance, Elsevier, vol. 55(C).
  119. He, Wen & Zhang, Feida, 2022. "Languages and dividends," The British Accounting Review, Elsevier, vol. 54(6).
  120. Wei, Xiaoqin (Alex), 2025. "Managerial overconfidence and pay-for-luck," International Review of Financial Analysis, Elsevier, vol. 107(C).
  121. Andrey Malenko, 2011. "Optimal Design of Internal Capital Markets," 2011 Meeting Papers 442, Society for Economic Dynamics.
  122. Mu, Congming & Wang, Anxing & Yang, Jinqiang, 2017. "Optimal capital structure with moral hazard," International Review of Economics & Finance, Elsevier, vol. 48(C), pages 326-338.
  123. Patrick Bolton & Hui Chen & Neng Wang, 2011. "A Unified Theory of Tobin's q, Corporate Investment, Financing, and Risk Management," Journal of Finance, American Finance Association, vol. 66(5), pages 1545-1578, October.
  124. li, Hong & Mu, Congming & Yang, Jinqiang, 2016. "Optimal contract theory with time-inconsistent preferences," Economic Modelling, Elsevier, vol. 52(PB), pages 519-530.
  125. Zhang, Yuqian & Yang, Zeyu & Zhuo, Jiayi, 2025. "Optimal government ESG incentive and ESG performance under common ownership," Economic Modelling, Elsevier, vol. 147(C).
  126. Junya INOSE, 2018. "Firm Value and Retained Earnings: Optimal dividend policy with retained earnings," Discussion papers 18052, Research Institute of Economy, Trade and Industry (RIETI).
  127. Anderson, Ronald W. & Bustamante, Maria Cecilia & Guibaud, Stéphane & Zervos, Mihail, 2018. "Agency, firm growth, and managerial turnover," LSE Research Online Documents on Economics 68784, London School of Economics and Political Science, LSE Library.
  128. Yingjie Niu & Zhentao Zou, 2019. "Corporate Investment, Tobin's Q and Liquidity Management under Time-Inconsistent Preferences," Annals of Economics and Finance, Society for AEF, vol. 20(2), pages 721-736, November.
  129. Brent Glover & Oliver Levine, "undated". "Idiosyncratic Risk and the Manager," GSIA Working Papers 2013-E25, Carnegie Mellon University, Tepper School of Business.
  130. Vincent Tena, 2023. "The Consequences of Regulating Agency Friction on an Optimal Contract," Post-Print hal-04722609, HAL.
  131. Pegoraro, Stefano, 2024. "Risk aversion with nothing to lose," Journal of Economic Theory, Elsevier, vol. 221(C).
  132. Olivier De Jonghe & Tong Zhao & Hans Degryse & Luc Laeven, 2025. "Collateral and credit," Working Paper Research 482, National Bank of Belgium.
  133. Liu, Bo & Mu, Congming & Yang, Jinqiang, 2017. "Dynamic agency and investment theory with time-inconsistent preferences," Finance Research Letters, Elsevier, vol. 20(C), pages 88-95.
  134. repec:spo:wpmain:info:hdl:2441/2gg54vdji291pb220pomk85ev8 is not listed on IDEAS
  135. Feng, Felix Zhiyu & Luo, Robin Yifan & Michaeli, Beatrice, 2024. "In search of a unicorn: Dynamic agency with endogenous investment opportunities," Journal of Accounting and Economics, Elsevier, vol. 78(2).
  136. Huang, Wenli & Liu, Bo & Wang, Hongli & Yang, Jinqiang, 2019. "Dynamic optimal investment policy under incomplete information," The North American Journal of Economics and Finance, Elsevier, vol. 50(C).
  137. Mayer, Simon, 2022. "Financing breakthroughs under failure risk," Journal of Financial Economics, Elsevier, vol. 144(3), pages 807-848.
  138. Leonardo Becchetti & Nazaria Solferino & Maria Elisabetta Tessitore, 2016. "Corporate social responsibility and profit volatility: theory and empirical evidence," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 25(1), pages 49-89.
  139. Shiming Fu & Giulio Trigilia, 2024. "Voluntary Disclosure, Moral Hazard, and Default Risk," Management Science, INFORMS, vol. 70(6), pages 3447-3469, June.
  140. Strulovici, Bruno & Szydlowski, Martin, 2012. "On the Smoothness of Value Functions," MPRA Paper 36326, University Library of Munich, Germany, revised 31 Jan 2012.
  141. Lustig, Hanno & Syverson, Chad & Van Nieuwerburgh, Stijn, 2011. "Technological change and the growing inequality in managerial compensation," Journal of Financial Economics, Elsevier, vol. 99(3), pages 601-627, March.
  142. Myers, Stewart C & Lambrecht, Bart, 2014. "The Dynamics of Investment, Payout and Debt," CEPR Discussion Papers 9926, C.E.P.R. Discussion Papers.
  143. Felipe S. Iachan, 2020. "Capital Budgeting and Risk Taking Under Credit Constraints," Management Science, INFORMS, vol. 66(9), pages 4292-4314, September.
  144. Yolanda Yulong Wang, 2023. "Corporate diversification, investment efficiency and the business cycle," Post-Print hal-04005692, HAL.
  145. Winston Wei Dou & Yan Ji & David Reibstein & Wei Wu, 2021. "Inalienable Customer Capital, Corporate Liquidity, and Stock Returns," Journal of Finance, American Finance Association, vol. 76(1), pages 211-265, February.
  146. Qian Qi, 2023. "Artificial Intelligence and Dual Contract," Papers 2303.12350, arXiv.org, revised Jun 2024.
  147. Eduardo Abi Jaber & Stéphane Villeneuve, 2022. "Gaussian Agency problems with memory and Linear Contracts," Working Papers hal-03783062, HAL.
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