{"id":"https://openalex.org/W2964751222","doi":"https://doi.org/10.1080/01605682.2019.1641648","title":"Impact of outside option on managerial compensation contract and environmental strategies in polluting industries","display_name":"Impact of outside option on managerial compensation contract and environmental strategies in polluting industries","publication_year":2019,"publication_date":"2019-08-05","ids":{"openalex":"https://openalex.org/W2964751222","doi":"https://doi.org/10.1080/01605682.2019.1641648","mag":"2964751222"},"language":"en","primary_location":{"id":"doi:10.1080/01605682.2019.1641648","is_oa":false,"landing_page_url":"https://doi.org/10.1080/01605682.2019.1641648","pdf_url":null,"source":{"id":"https://openalex.org/S169988927","display_name":"Journal of the Operational Research Society","issn_l":"0160-5682","issn":["0160-5682","1476-9360"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319703","host_organization_name":"Palgrave Macmillan","host_organization_lineage":["https://openalex.org/P4310319703","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Palgrave Macmillan","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of the Operational Research Society","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5000490238","display_name":"Guoqing Yang","orcid":"https://orcid.org/0000-0002-3633-2184"},"institutions":[{"id":"https://openalex.org/I162868743","display_name":"Tianjin University","ror":"https://ror.org/012tb2g32","country_code":"CN","type":"education","lineage":["https://openalex.org/I162868743"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Guoqing Yang","raw_affiliation_strings":["College of Management and Economics, Tianjin University, Tianjin, China"],"affiliations":[{"raw_affiliation_string":"College of Management and Economics, Tianjin University, Tianjin, China","institution_ids":["https://openalex.org/I162868743"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5002044146","display_name":"Wansheng Tang","orcid":"https://orcid.org/0000-0002-2321-666X"},"institutions":[{"id":"https://openalex.org/I162868743","display_name":"Tianjin University","ror":"https://ror.org/012tb2g32","country_code":"CN","type":"education","lineage":["https://openalex.org/I162868743"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Wansheng Tang","raw_affiliation_strings":["College of Management and Economics, Tianjin University, Tianjin, China"],"affiliations":[{"raw_affiliation_string":"College of Management and Economics, Tianjin University, Tianjin, China","institution_ids":["https://openalex.org/I162868743"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5018624131","display_name":"Ruiqing Zhao","orcid":"https://orcid.org/0000-0001-9927-5300"},"institutions":[{"id":"https://openalex.org/I162868743","display_name":"Tianjin University","ror":"https://ror.org/012tb2g32","country_code":"CN","type":"education","lineage":["https://openalex.org/I162868743"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Ruiqing Zhao","raw_affiliation_strings":["College of Management and Economics, Tianjin University, Tianjin, China"],"affiliations":[{"raw_affiliation_string":"College of Management and Economics, Tianjin University, Tianjin, China","institution_ids":["https://openalex.org/I162868743"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5002044146"],"corresponding_institution_ids":["https://openalex.org/I162868743"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.11002402,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"72","issue":"1","first_page":"109","last_page":"129"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10841","display_name":"Economic and Environmental Valuation","score":0.9901000261306763,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10841","display_name":"Economic and Environmental Valuation","score":0.9901000261306763,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10471","display_name":"Climate Change Policy and Economics","score":0.9861000180244446,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10880","display_name":"Environmental Sustainability in Business","score":0.9854999780654907,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/incentive","display_name":"Incentive","score":0.7543258666992188},{"id":"https://openalex.org/keywords/principal\u2013agent-problem","display_name":"Principal\u2013agent problem","score":0.654310405254364},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5988579988479614},{"id":"https://openalex.org/keywords/profit","display_name":"Profit (economics)","score":0.5901479721069336},{"id":"https://openalex.org/keywords/pooling","display_name":"Pooling","score":0.540816605091095},{"id":"https://openalex.org/keywords/private-information-retrieval","display_name":"Private information retrieval","score":0.5320362448692322},{"id":"https://openalex.org/keywords/compensation","display_name":"Compensation (psychology)","score":0.5093139410018921},{"id":"https://openalex.org/keywords/agency","display_name":"Agency (philosophy)","score":0.46530160307884216},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.44843289256095886},{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"Information asymmetry","score":0.42833662033081055},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.41787290573120117},{"id":"https://openalex.org/keywords/environmental-economics","display_name":"Environmental economics","score":0.32856687903404236},{"id":"https://openalex.org/keywords/operations-management","display_name":"Operations management","score":0.324200302362442},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3012177050113678},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.2392316460609436},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.1462087333202362}],"concepts":[{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.7543258666992188},{"id":"https://openalex.org/C200707436","wikidata":"https://www.wikidata.org/wiki/Q1053211","display_name":"Principal\u2013agent problem","level":3,"score":0.654310405254364},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5988579988479614},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.5901479721069336},{"id":"https://openalex.org/C70437156","wikidata":"https://www.wikidata.org/wiki/Q7228652","display_name":"Pooling","level":2,"score":0.540816605091095},{"id":"https://openalex.org/C99221444","wikidata":"https://www.wikidata.org/wiki/Q1532069","display_name":"Private information retrieval","level":2,"score":0.5320362448692322},{"id":"https://openalex.org/C2780023022","wikidata":"https://www.wikidata.org/wiki/Q1338171","display_name":"Compensation (psychology)","level":2,"score":0.5093139410018921},{"id":"https://openalex.org/C108170787","wikidata":"https://www.wikidata.org/wiki/Q3951828","display_name":"Agency (philosophy)","level":2,"score":0.46530160307884216},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.44843289256095886},{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.42833662033081055},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.41787290573120117},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.32856687903404236},{"id":"https://openalex.org/C21547014","wikidata":"https://www.wikidata.org/wiki/Q1423657","display_name":"Operations management","level":1,"score":0.324200302362442},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3012177050113678},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2392316460609436},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.1462087333202362},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.0},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0},{"id":"https://openalex.org/C11171543","wikidata":"https://www.wikidata.org/wiki/Q41630","display_name":"Psychoanalysis","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/01605682.2019.1641648","is_oa":false,"landing_page_url":"https://doi.org/10.1080/01605682.2019.1641648","pdf_url":null,"source":{"id":"https://openalex.org/S169988927","display_name":"Journal of the Operational Research Society","issn_l":"0160-5682","issn":["0160-5682","1476-9360"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319703","host_organization_name":"Palgrave Macmillan","host_organization_lineage":["https://openalex.org/P4310319703","https://openalex.org/P4310319965"],"host_organization_lineage_names":["Palgrave Macmillan","Springer Nature"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of the Operational Research Society","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:tjorxx:v:72:y:2021:i:1:p:109-129","is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/01605682.2019.1641648","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":40,"referenced_works":["https://openalex.org/W242050755","https://openalex.org/W1661842085","https://openalex.org/W1708269139","https://openalex.org/W1971386748","https://openalex.org/W1974154040","https://openalex.org/W1990674185","https://openalex.org/W1998428832","https://openalex.org/W2003919517","https://openalex.org/W2004186821","https://openalex.org/W2036830361","https://openalex.org/W2044426856","https://openalex.org/W2050525704","https://openalex.org/W2054835939","https://openalex.org/W2057024369","https://openalex.org/W2061044842","https://openalex.org/W2072727464","https://openalex.org/W2079636556","https://openalex.org/W2095109474","https://openalex.org/W2100541806","https://openalex.org/W2104891533","https://openalex.org/W2118159356","https://openalex.org/W2125313549","https://openalex.org/W2128558277","https://openalex.org/W2135307257","https://openalex.org/W2135453952","https://openalex.org/W2136653411","https://openalex.org/W2164391020","https://openalex.org/W2201643924","https://openalex.org/W2287936561","https://openalex.org/W2316606906","https://openalex.org/W2333453291","https://openalex.org/W2333530799","https://openalex.org/W2797018151","https://openalex.org/W2890178930","https://openalex.org/W2955318921","https://openalex.org/W3123503209","https://openalex.org/W3123969996","https://openalex.org/W3125054624","https://openalex.org/W4240316578","https://openalex.org/W4243269373"],"related_works":["https://openalex.org/W3121192877","https://openalex.org/W2795647480","https://openalex.org/W2906391378","https://openalex.org/W1978664422","https://openalex.org/W3087967308","https://openalex.org/W4388069929","https://openalex.org/W2349172376","https://openalex.org/W2269392318","https://openalex.org/W2594189481","https://openalex.org/W3048065776"],"abstract_inverted_index":{"To":[0],"unveil":[1],"how":[2],"a":[3,25,75,104,120,148,158],"manager\u2019s":[4],"outside":[5,36,99,134],"option":[6],"affects":[7],"managerial":[8,76],"compensation":[9,39,77],"contracts":[10],"and":[11,34,60,80,109,124,171,194],"environmental":[12],"strategies":[13],"in":[14,23,190],"polluting":[15],"industries,":[16],"this":[17],"article":[18],"studies":[19],"an":[20,54,98],"agency":[21],"problem":[22],"which":[24],"risk-averse":[26],"manager":[27,46,102,137],"has":[28],"private":[29],"information":[30,111,126,140,172,192],"about":[31],"his":[32],"ability":[33],"type-dependent":[35],"option.":[37],"A":[38],"contract":[40,78,84],"is":[41,184],"designed":[42],"to":[43,47,64,176,186],"incentivise":[44],"the":[45,51,70,82,101,114,129,136,143,153,161,166,177,180,188,195],"truthfully":[48],"report.":[49],"Meanwhile,":[50],"firm":[52],"makes":[53],"optimal":[55,83,90],"choice":[56],"between":[57,179],"end-of-pipe":[58,115,144],"strategy":[59,63,145,198],"pollution":[61,130,154,196],"prevention":[62,131,155,197],"maximise":[65],"its":[66,88],"profit.":[67],"Based":[68],"on":[69],"principal-agent":[71],"theory,":[72],"we":[73],"establish":[74],"model":[79],"derive":[81],"mechanism":[85],"by":[86],"solving":[87],"equivalent":[89],"control":[91],"problem.":[92],"The":[93],"results":[94],"indicate":[95],"that":[96],"without":[97],"option,":[100],"receives":[103],"constant":[105],"bonus":[106,168],"share":[107,169],"rate":[108,170],"no":[110],"rent":[112,127,141,193],"under":[113,128,142,152],"strategy,":[116],"whereas":[117],"he":[118],"obtains":[119],"downward":[121],"distorted":[122,150],"incentive":[123,151],"high":[125],"strategy.":[132,156],"Considering":[133],"options,":[135],"may":[138],"receive":[139],"while":[146],"receiving":[147],"pooling":[149],"In":[157],"certain":[159],"circumstance,":[160],"managers":[162],"are":[163],"pooled":[164],"with":[165],"same":[167],"rent.":[173],"However,":[174],"due":[175],"interaction":[178],"countervailing":[181],"incentives,":[182],"it":[183],"difficult":[185],"identify":[187],"change":[189],"total":[191],"decision.":[199]},"counts_by_year":[],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}