an inverted hump shape relationship between the degree of delegation and the quality of voluntary information provision … internal information production and external information dissemination. Partial delegation and mixed executive duties lead to … internal information production is developed in the framework of Baysian Nash Equilibrium. The paper further documents that …

the performance measure and its similarity (congruity, congruence) to the benefit of the manager's employer. A necessary …

the performance measure and its similarity (congruity, congruence) to the benefit of the manager’s employer. A necessary …

This paper analyzes the impact of agents' risk aversion and other agency parameters on optimal bias in the performance … information content (OIC) of these ASs and on the agent's level of risk aversion. The more stringent AS is always optimal if it … accounting information is primarily used for stewardship …

We examine the implementation of efficient decisions about accepting a special order with asymmetric information by … product. Each division manager has private information about the divisional parameters (production costs and profit margin … they indicate the true information in the accounting stage. If they choose to report untruthfully then they suffer a loss …

Using a sample of long-term supply contracts collected from SEC filings, I show that hold-up concerns and information … asymmetry are important determinants of contract design. Asymmetric information between buyers and suppliers leads to shorter …

In this paper, we investigate whether superior performance on corporate social responsibility (CSR) strategies leads to …-section of firms, we find that firms with better CSR performance face significantly lower capital constraints. Moreover, we … performance, are important in reducing capital constraints. The results are further confirmed using several alternative measures …

and costs to delegated contracting, i.e., establishing a decentralized performance evaluation in addition to a centralized … performance evaluation may be detrimental to the principal. However, a decentralized performance evaluation is likely to be …