We investigate the determinants of decentralization and performance measurement choices in multidivisional firms.We extend the research on the economics of organizational design choices by examining the impact of two important determinants of those choices, namely, subunit interdependencies and...

We show that the improved effort of employees associated with incentive contracts depends on the properties of the performance measures used in the contract.We also find that the power of incentives in the contract is only indirectly related to any improved employee effort.High powered incentive...

The purpose of this paper is twofold.First, we provide a discussion of the problems associated with endogeneity in empirical accounting research.We emphasize problems arising when endogeneity is caused by (1) unobservable firm specific factors and (2) omitted variables and discuss the merits and...

Het vraagstuk van de aansprakelijkheid van accountants is actueler dan ooit. In het onderliggende artikel wordt een theoretische beschouwing gegeven van de economische gevolgen van het beperken van de aansprakelijkheid van accountants. De beschouwing wordt ondersteund door middel van de...