The Demand for Accounting Conservatism for Management Control
We show that conservative financial reporting arises naturally in principal-agent settings as a means of efficiently motivating agents when the penalties that can be imposed on agents are limited. We consider an accounting system whose reports are used for contracting and whose parameters are contro...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2001
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/619 http://dx.doi.org/10.1023/A:1011330003876 |
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| Institution: | Singapore Management University |
| Language: | English |