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Amp Bridging Finance And Behavioral Scholarship On Agent Risk Sharing And Risk Taking, Geoffrey P. Martin, Luis R. Gomez-Mejia Prof, Robert M. Wiseman
Amp Bridging Finance And Behavioral Scholarship On Agent Risk Sharing And Risk Taking, Geoffrey P. Martin, Luis R. Gomez-Mejia Prof, Robert M. Wiseman
Geoffrey P Martin
A large volume of research has examined agent risk taking and the contracting problem of risk sharing – the sharing of performance risk across agent and principal – to advance our knowledge of mechanisms that can align the assumed divergent interests and risk preferences of the managerial-agent and shareholder-principal. This research has been undertaken in two research streams that appear to have operated in silos, utilizing different theoretical frameworks and methodological approaches: financial economics and behavioral science. We review the theoretical paradigms and empirical findings deriving from both fields in order to identify opportunities for cross-fertilization and to advance future …