search query: @indexterm Negotiation / total: 621
reference: 166 / 621
| Author: | Christensen, P.O. Demski, J.S. Frimor, H. |
| Title: | Accounting policies in agencies with moral hazard and renegotiation |
| Journal: | Journal of Accounting Research
2002 : SEP, VOL. 40:4, p. 1071-1090 |
| Index terms: | Accounting policy Agencies Earnings Moral hazard Negotiation |
| Language: | eng |
| Abstract: | The role of accounting policies, and their audit is emphazised in an earnings management setting. The study employs a two-period agency in which three frictions interact: 1) the agent privately observes action (or effort) supply and output and 2) the initial contract is subject to renegotiation. This creates a setting in which both players' behaviour is of concern, and, importantly, information rationing is efficient. |
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