Schöndube-Pirchegger, Barbara; Schöndube, Jens Robert - In: Business research 10 (2017) 2, pp. 189-213
We consider a two-period LEN-type agency problem. The principal needs to implement one out of two accounting systems. One emphasizes relevance, the other reliability. Both systems produce identical inter-temporally correlated signals. The relevant system reports an accounting signal in the...