"This survey advocates the use of dynamic models to examine the incentive properties of commonly used accounting performance metrics. Drawing from recent work in this emerging field, the survey illustrates how one can use tractable multiperiod models to shed light on questions of fundamental in...

Ausführliche Beschreibung

Bibliographische Detailangaben

1. Verfasser:	Dutta, Sunil (VerfasserIn)
Format:	Buch
Sprache:	English
Veröffentlicht:	Boston u.a. Now publishers 2008
Schriftenreihe:	Foundations and trends in accounting 2,2007,3
Schlagworte:	Agency Theory Anreizvertrag Betriebliche Kennzahl Betriebswirtschaftliche Investitionstheorie Börsenkurs Cash Flow Moral Hazard Performance Measurement Vergleich Mathematisches Modell Ökonometrisches Modell Accrual basis accounting Managerial accounting > Mathematical models Performance standards Risk management > Econometric models Leistungsmessung
Zusammenfassung:	"This survey advocates the use of dynamic models to examine the incentive properties of commonly used accounting performance metrics. Drawing from recent work in this emerging field, the survey illustrates how one can use tractable multiperiod models to shed light on questions of fundamental interest to accountants. The author first examines the choice of goal congruent performance measures and then explains how the insights obtained from the goal congruent framework can be adapted to second-best contracting in formal agency models. Next, the author builds an analytically tractable multiperiod moral hazard model with a risk averse manager to examine the issue of aggregating accounting and nonaccounting information in constructing optimal performance measures."--Publisher's website.
Beschreibung:	Einzelaufn. e. Zeitschr.-heftes
Beschreibung:	IX,71 S.
ISBN:	9781601981660