This article builds single and double principal-agent theory models and studies measures to reduce agent cost by using dividend policy as an observablevariable.
本文将股利政策作为一个可观测变量引入单层、双重委托代理模型,详细分析了降低代理成本的途径。
2
I assume that the linear gross return is the only observablevariable. Then the optimal incentive contract of managers is acheved. I also get some meaningful results.
得出在线性总收益作为单一可观测变量条件下,经理人的最优激励合同并分析了几个有意义的结果。
3
The method of analyzing the observable degree of the state variable has been introduced by means of the singular value decomposition (SVD) of the observable matrix of a dynamic system.