We investigate how managers trade off the benefits of delegating authority to their employees with the risk of loss of control. Organizational economics theory identifies specific knowledge of subordinates and monitoring possibilities for the manager as determinants of delegation. Social...

A growing body of literature investigates the interaction of changes in accounting standards with institutions such as investor protection laws and corporate governance mechanisms. We examine the unintended consequences of fair value accounting in determining mandated preferred dividends. We...

We examine the impact of positive fair value adjustments on dividend policy. If fair value adjustments are transitory in nature and managers are able to assess their implications for future earnings, including fair value adjustments in net income is expected to have no distribution consequences....

We investigate whether the switch to working from home during the corona pandemic has affected employee-level management control system design and use in a sample of 227 employee-supervisor dyads in The Netherlands. Organizational theory suggests that more working from home will lead to more...

This paper evaluates the relationship of implicit and explicit incentives with effort for a sample of some 5,800 rank-and-file employees in 1,100 U.K. for-profit workplaces. Explicit incentives are performance-based rewards, while implicit incentives reflect actual and potential permanent...

We investigate how supervisor discretion is related to the extent of employee working from home (WFH). In the pre-corona pandemic period, WFH was uncommon, and after the pandemic anecdotal and survey evidence shows many organizations want their employees to return to the office. It is unclear...