haku: @author Lambert, R. A. / yhteensä: 11
viite: 4 / 11
| Tekijä: | Janakiraman, S. N. Lambert, R. A. Larcker, D. F. |
| Otsikko: | An empirical investigation of the relative performance evaluation hypothesis |
| Lehti: | Journal of Accounting Research
1992 : SPRING, VOL. 30, p. 53-69 |
| Asiasana: | PERFORMANCE APPRAISAL ACCOUNTING ECONOMIC CONDITIONS |
| Kieli: | eng |
| Tiivistelmä: | The purpose of this paper is to provide evidence on the descriptive validity of RPE implication of analytical agency models. Prior empirical research on the use of RPE for corporate executive officers provides mixed results. The authors derive conditions under which the optimal contract is a linear function of performance of the agent's firm and the performance of a peer group. The authors show that this implication can be expressed empirically as a nonlinear constraint involving the two-slope coefficients on firm performance and peer-group performance in the linear compensation function and the slope coefficient of firm performance on peer-group performance. |
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