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Title:Long -Term Agency Relationships and Human Capital Investment
Author(s):Ma, Sufeng
Doctoral Committee Chair(s):Susan I. Cohen
Department / Program:Business Administration
Discipline:Business Administration
Degree Granting Institution:University of Illinois at Urbana-Champaign
Subject(s):Economics, Labor
Abstract:The second part looks into situations where agents working in a team environment. The contract offers agents with a possibility of promotional prize, a fraction of an agent's own output and a share scheme of the firm's total output. Agents may allocate efforts into working on his own task assignments, helping team members and improving his own skills. We examine the decision making from agents' point of view within both short term and long term settings. Results of the models show that by adjusting the parameters of the contract, principal can affect agent's decision on their efforts allocation. Although the effects of agent's sharing of the outputs work similarly in different setting, the promotion prize may have completely different effects on the agent's decision.
Issue Date:2000
Description:133 p.
Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2000.
Other Identifier(s):(MiAaPQ)AAI9990070
Date Available in IDEALS:2015-09-25
Date Deposited:2000

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