haku: @author Bushman, R. / yhteensä: 7
viite: 6 / 7
| Tekijä: | Bushman, R. Indjejikian, R. |
| Otsikko: | Stewardship value of "distorted" accounting disclosures |
| Lehti: | Accounting Review
1993 : OCT, VOL. 68:4, p. 765-782 |
| Asiasana: | MANAGEMENT COMPENSATION BIAS NOISE |
| Kieli: | eng |
| Tiivistelmä: | An issue of fundamental importance to accountants concerns the qualities possessed by, or that should be possessed by, accounting information. Given that aggregated accounting information and share price are the only available performance measures, the authors derive conditions under which biased accounting information can be effectively utilized to mitigate the limitations of aggregated measures by better balancing incentives across different managerial activities. The authors show that biased accounting information, even if it contains substantial noise, can be better than unbiased accounting information, even if it contains no noise, given that price is also available as a measure of managerial performance. |
SCIMA