Why agents need discretion : the business judgement rule as optimal standard of care
Lade...
Dateien
Zu diesem Dokument gibt es keine Dateien.
Datum
2017
Autor:innen
Engert, Andreas
Herausgeber:innen
ISSN der Zeitschrift
Electronic ISSN
ISBN
Bibliografische Daten
Verlag
Schriftenreihe
Auflagebezeichnung
DOI (zitierfähiger Link)
Internationale Patentnummer
Angaben zur Forschungsförderung
Projekt
Open Access-Veröffentlichung
Sammlungen
Core Facility der Universität Konstanz
Titel in einer weiteren Sprache
Publikationstyp
Zeitschriftenartikel
Publikationsstatus
Published
Erschienen in
Review of Law & Economics. 2017, 13(1), 20150033. ISSN 1555-5879. Available under: doi: 10.1515/rle-2015-0033
Zusammenfassung
Should managers be liable for ill-conceived business decisions? One answer is given by U.S. courts, which almost never hold managers liable for their mistakes. In this paper, we address the question in a theoretical model of delegated decision making. We find that courts should indeed be lenient as long as contracts are restricted to be linear. With more general compensation schemes, the answer depends on the precision of the court’s signal. If courts make many mistakes in evaluating decisions, they should not impose liability for poor business judgment.
Zusammenfassung in einer weiteren Sprache
Fachgebiet (DDC)
330 Wirtschaft
Schlagwörter
business judgment rule; manager liability; delegated decision-making
Konferenz
Rezension
undefined / . - undefined, undefined
Zitieren
ISO 690
ENGERT, Andreas, Susanne GOLDLÜCKE, 2017. Why agents need discretion : the business judgement rule as optimal standard of care. In: Review of Law & Economics. 2017, 13(1), 20150033. ISSN 1555-5879. Available under: doi: 10.1515/rle-2015-0033BibTex
@article{Engert2017agent-28591,
year={2017},
doi={10.1515/rle-2015-0033},
title={Why agents need discretion : the business judgement rule as optimal standard of care},
number={1},
volume={13},
issn={1555-5879},
journal={Review of Law & Economics},
author={Engert, Andreas and Goldlücke, Susanne},
note={Article Number: 20150033}
}RDF
<rdf:RDF
xmlns:dcterms="http://purl.org/dc/terms/"
xmlns:dc="http://purl.org/dc/elements/1.1/"
xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#"
xmlns:bibo="http://purl.org/ontology/bibo/"
xmlns:dspace="http://digital-repositories.org/ontologies/dspace/0.1.0#"
xmlns:foaf="http://xmlns.com/foaf/0.1/"
xmlns:void="http://rdfs.org/ns/void#"
xmlns:xsd="http://www.w3.org/2001/XMLSchema#" >
<rdf:Description rdf:about="https://kops.uni-konstanz.de/server/rdf/resource/123456789/28591">
<dcterms:issued>2017</dcterms:issued>
<void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/>
<dc:creator>Goldlücke, Susanne</dc:creator>
<foaf:homepage rdf:resource="http://localhost:8080/"/>
<dcterms:abstract xml:lang="eng">Should managers be liable for ill-conceived business decisions? One answer is given by U.S. courts, which almost never hold managers liable for their mistakes. In this paper, we address the question in a theoretical model of delegated decision making. We find that courts should indeed be lenient as long as contracts are restricted to be linear. With more general compensation schemes, the answer depends on the precision of the court’s signal. If courts make many mistakes in evaluating decisions, they should not impose liability for poor business judgment.</dcterms:abstract>
<dc:rights>terms-of-use</dc:rights>
<dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
<dcterms:available rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2017-08-10T12:58:19Z</dcterms:available>
<dc:contributor>Goldlücke, Susanne</dc:contributor>
<dcterms:title>Why agents need discretion : the business judgement rule as optimal standard of care</dcterms:title>
<dc:contributor>Engert, Andreas</dc:contributor>
<bibo:uri rdf:resource="https://kops.uni-konstanz.de/handle/123456789/28591"/>
<dc:creator>Engert, Andreas</dc:creator>
<dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
<dc:date rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2017-08-10T12:58:19Z</dc:date>
<dc:language>eng</dc:language>
</rdf:Description>
</rdf:RDF>Interner Vermerk
xmlui.Submission.submit.DescribeStep.inputForms.label.kops_note_fromSubmitter
Prüfungsdatum der Dissertation
Finanzierungsart
Kommentar zur Publikation
Allianzlizenz
Corresponding Authors der Uni Konstanz vorhanden
Internationale Co-Autor:innen
Universitätsbibliographie
Ja
