激励与项目投资预算决策

Incentives and Project Investment Budget Decision

研究了存在内部人控制的情况下 ,激励方案在企业项目投资预算决策制定中的重要作用 .指出无论温和的激励方案还是严厉的激励方案都能激发出更高的后期努力水平 ,但是不一定能有效地激发前期努力水平 .

This paper studied the role of incentive schemes in project investment budget decision under the condition of insider control. It pointed out that the incentive schemes can inspire higher later stage efforts regardless they are soft or hard. But they can not always inspire higher earlier stage efforts and only the hard incentive schemes can solve the insider control problem to some extent.