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Competing for Capital: Auditing and Credibility in Financial Reporting
Boleslavsky, Raphael; Carlin, Bruce Ian; Cotton, Christopher - 2017
misreporting, even if doing so is costless. This helps explain why exaggeration is ubiquitous during allocation decisions: money …
Persistent link: https://www.econbiz.de/10011939428
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Competing for capital : auditing and credibility in financial reporting
Boleslavsky, Raphael; Carlin, Bruce Ian; Cotton, Christopher - 2017
Persistent link: https://www.econbiz.de/10011641037
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Economic Budgeting for Endowment-Dependent Universities
Campbell, John Y.; Stein, Jeremy C.; Wu, Alex A. - National Bureau of Economic Research - 2024
two years at a time and use generally accepted accounting principles (GAAP) do not do this. We present an alternative …
Persistent link: https://www.econbiz.de/10014544784
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Decomposition of Net Final Values : Systemic Value Added and Residual Income
Magni, Carlo Alberto - 2023
This paper proposes a model aiming at decomposing the Net Final Value of a project under certainty. It makes use of a systemic outlook: the investor's net worth is regarded as a dynamic system whose structure changes over time. On this basis, a profitability index is presented, here named...
Persistent link: https://www.econbiz.de/10014254580
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Capital Budget Renegotiations and the Adverse Consequences of Delegating Investment Decision Rights
André, Julius - 2011
In this paper, we empirically examine the capital budgeting process of a large multi-divisional firm and the implications of the dynamics that underlie this process. Although investment decisions are one of the most important decisions made by firms, relatively little is known about the capital...
Persistent link: https://www.econbiz.de/10013121524
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Long-Term Capital Budgeting and Incentive Mechanism
Gao, Buqu - 2017
We characterize the optimal dynamic mechanism for capital budgeting and managerial compensation. The division manager privately observes the project productivity at each point in time as well as an initial signal that governs the productivity evolution. We show that the optimal allocation can be...
Persistent link: https://www.econbiz.de/10012970774
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Harmonisierung des externen und internen Rechnungswesens : eine empirische Untersuchung
Müller, Martin - 2006 - 1. Aufl.
Persistent link: https://www.econbiz.de/10013515315
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Harmonisierung des externen und internen Rechnungswesens : eine empirische Untersuchung
Müller, Martin - 2006 - 1. Aufl.
Persistent link: https://www.econbiz.de/10003323183
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Capital Rationing and Managerial Retention : The Role of External Capital
Chen, Ying-Ju - 2012
In modern businesses, firms face new challenges of managerial retention in capital budgeting process. We consider a model in which a manager privately observes the capital productivity of a project and has access to multiple outside financing options. We show that if the manager can obtain...
Persistent link: https://www.econbiz.de/10013108014
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Reputation, accounting information and debt contracts in Chinese family firms
Li, Hao - In: China journal of accounting research : CJAR 3 (2010), pp. 95-129
substitutional and a complementary relationship between accounting information and reputation, an informal institution. Empirical … the legal environment is far from perfect, the complementary relationship between reputation and accounting information is … the usefulness of accounting information in debt contracts. Besides the aggregate effect, this paper also provides …
Persistent link: https://www.econbiz.de/10011823474