Friedman, Henry L., Risk, Incentives, and the Desirability of Prudent Managers (February 1, 2014). Available at SSRN: http://ssrn.com/abstract=2399690 “I analyze a model in which the CFO oversees a reporting system that provides information useful for monitoring, decision-making, and contracting. The CFO’s actions influence the precision and bias of the performance metric, as well as the… Continue Reading