Why the case of Enron falls into the Principal Agent framework

Business & Finance, Human Resources & Personnel Management
Cover of the book Why the case of Enron falls into the Principal Agent framework by Vicki Preibisch, GRIN Publishing
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Author: Vicki Preibisch ISBN: 9783638605908
Publisher: GRIN Publishing Publication: February 4, 2007
Imprint: GRIN Publishing Language: English
Author: Vicki Preibisch
ISBN: 9783638605908
Publisher: GRIN Publishing
Publication: February 4, 2007
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2006 in the subject Economics - Job market economics, grade: 2,3, University of Kassel, 30 entries in the bibliography, language: English, abstract: It is claimed that lucrative executive compensation packages have led to irresponsible risk taking and a decline in shareholder value. This research paper is an economic approach to analyse the relationship between principals and agents, whereby the focus lies on executive remuneration incentives. The paper uses the example of Enron's corporate failure to build a case for the principal-agent framework and analyses executive payment schemes. Aspects on the origins and possible solutions for the principal-agent relationship are looked into. The paper concludes that Enron's compensation scheme has led to its failure.

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Seminar paper from the year 2006 in the subject Economics - Job market economics, grade: 2,3, University of Kassel, 30 entries in the bibliography, language: English, abstract: It is claimed that lucrative executive compensation packages have led to irresponsible risk taking and a decline in shareholder value. This research paper is an economic approach to analyse the relationship between principals and agents, whereby the focus lies on executive remuneration incentives. The paper uses the example of Enron's corporate failure to build a case for the principal-agent framework and analyses executive payment schemes. Aspects on the origins and possible solutions for the principal-agent relationship are looked into. The paper concludes that Enron's compensation scheme has led to its failure.

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