The corporate information environment develops endogenously as a consequence of
information asymmetries and agency problems between investors, entrepreneurs, and …

This chapter reviews agency theory and its application to management accounting issues. I
begin by explaining how agency models are formulated to capture incentive problems …

Although an organization's environmental uncertainty may induce greater variability in
reported earnings, managers have incentives to reduce this variability. The flexibility …

This paper explores direct relations between corporate investment behavior and the
timeliness of accounting recognition of economic losses (TLR) reflected in a country's …

This paper analyzes how board independence affects the CEO's ability to extract rents from
the firm. The CEO is assumed to possess private information about his ability, which the …

Dealing with problems of intertemporal choice is a fact of life for business unit managers.
Some actions satisfy long-run imperatives (eg, building competencies, developing new …

Abstract The Review of Accounting Studies (RAST) recently completed 25 years of
publication. We provide a descriptive analysis of RAST's characteristics that should interest …

This chapter provides a historical appraisal of the development of current capital budgeting
practices and reviews capital budgeting academic research. In the late eighteenth and early …

Managers have sufficient discretion under generally accepted accounting principles (GAAP)
to adopt more or less conservative financial reporting policies. In this paper, we develop a …

This paper examines alternative accrual accounting rules from an incentive and control
perspective. For a range of common production, financing and investment decisions we …