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: incentives are distorted, ossification is induced and the decision approach is wrongly conceived. As a result, evaluations are …
Persistent link: https://www.econbiz.de/10005760913
: incentives are distorted, ossification is induced and the decision approach is wrongly conceived. As a result, evaluations are …
Persistent link: https://www.econbiz.de/10005226973
The aim of this paper is to review if the implemented balanced scorecard is an efficient way to motivate people and increase their work effort. The empirical research had been conducted in one of the big multinational companies. Balanced scorecards for such companies are mainly driven by global,...
Persistent link: https://www.econbiz.de/10011195324
Three dimensions characterize a management control system: the nature of the involvement of operational managers, the degree of customization of the underlying tools and the relationship with the compensation policy. This characterization further formalizes the distinction between diagnostic and...
Persistent link: https://www.econbiz.de/10011082478
Persistent link: https://www.econbiz.de/10004877675
Borrowers' reputation concerns makes communication of soft or non-verifiable information credible. We find that some misreporting of short-term information has costs as well as benefits. The costs are due to inefficient management of investments, while the benefits are due to the fact that some...
Persistent link: https://www.econbiz.de/10012721364
This paper identifies a distinct immediate announcement period negative relation between earnings announcement surprises and aggregate market returns. Such a relation implies that market participants use earnings information in forming expectations about expected aggregate discount rates and,...
Persistent link: https://www.econbiz.de/10012721530
progress has been made in arriving at a sufficient theory of decentralization. The models are either silent about …
Persistent link: https://www.econbiz.de/10012721679
In this teaching note I list some suggestions that might be useful to take into account when forecasting financial statements departing from historical data. The ideas presented in this note are the result of advising undergraduate and graduate students in the course Econ 195.96/295.96...
Persistent link: https://www.econbiz.de/10012721709
This paper analyses value-investing strategies based on the residual income valuation approach which has become popular due to the work of Ohlson (1995) and Feltham and Ohlson (1995) for the German stock market. Plenty of empirical evidence shows that it is possible to earn positive abnormal...
Persistent link: https://www.econbiz.de/10012721759