000			04791nam a22004455i 4500
001			978-0-387-26599-5
003			DE-He213
005			20250710083936.0
007			cr nn 008mamaa
008			100301s2005 xxu| s |||| 0|eng d
020			_a9780387265995 _a99780387265995
024	7		_a10.1007/b137817 _2doi
082	0	4	_a657 _223
100	1		_aChristensen, Peter O. _eauthor.
245	1	0	_aEconomics of Accounting _h[recurso electrónico] : _bVolume II - Performance Evaluation / _cby Peter O. Christensen, Gerald A. Feltham.
264		1	_aBoston, MA : _bSpringer US, _c2005.
300			_aXXII, 664 p. _bonline resource.
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_arecurso en línea _bcr _2rdacarrier
347			_atext file _bPDF _2rda
490	1		_aSpringer Series in Accounting Scholarship, _x1572-0284 ; _v2
505	0		_ato Performance Evaluation -- Performance Evaluation in Single-Period/Single-Agent Settings -- Optimal Contracts -- Ex Post Performance Measures -- Linear Contracts -- Multiple Tasks and Multiple Performance Measures -- Stock Prices and Accounting Numbers as Performance Measures -- Private Agent Information and Renegotiation in Single-Period/Single-Agent Settings -- Post-Contract, Pre-Decision Information -- Pre-Contract Information - Uninformed Principal Moves First -- Intra-Period Contract Renegotiation -- Contracting in Multi-period/Single-agent Settings -- Multi-Period Contracts with Full Commitment and Independent Periods -- Timing and Correlation of Reports in a Multi-Period LEN Model -- Full Commitment Contracts with Interdependent Periods -- Inter-Period Contract Renegotiation -- Contracting with Multiple Agents in Single-period Settings -- Contracting with Multiple Productive Agents -- Contracting with a Productive Agent and a Monitor.
520			_aThis is the second of two volumes in which the authors examine a variety of economic analyses of the decision-facilitating and decision-influencing roles of information that are pertinent to the study of the economic impact of accounting. The first volume focused on externally reported information in financial and product markets and did not model managers as economic agents - they were assumed to act in accordance with the instructions from the firm's owners. This second volume explicitly models managers' preferences and treats them as economic agents of the principal, who acts on behalf of the firm's owners. Accounting reports, and other contractible information, play key roles in motivating managers through incentive contracts. This volume provides an extensive examination of fundamental concepts in the economic analysis of incentives, with particular emphasis on the impact of the performance measurement system characteristics on the value of the firm. ECONOMICS OF ACCOUNTING: Volume II - Performance Evaluation is divided into four parts. Volume I contains Parts A through D, and the concepts developed in Part A are fundamental to both volumes. In Volume II, Part E initially focuses on optimal contracts in a single-agent /single-task/single-period setting, and explores how performance measure characteristics affect the principal's expected payoff. Multiple performance measures (including the stock price) and multiple tasks are introduced, thereby creating settings in which the principal is concerned with both the level of incentives and the congruency of the incentives with his own preferences. Part F considers the impact of start-of-period private management information (with communication to the principal) and limited commitment in single-period settings. These analyses serve as a bridge to the multi-period models explored in Part G. These multi-period models permit exploration of the impact of inter-period consumption preferences and limited inter-period commitments on preferences with respect to the inter-period correlation and timing of performance reports. Part H concludes the book with an analysis of multi-agent contracting in settings in which agents may coordinate their actions to their mutual benefit, and may even engage in overt collusion.
650		0	_aECONOMICS.
650		0	_aMICROECONOMICS.
650		0	_aAUDITING.
650	1	4	_aECONOMICS/MANAGEMENT SCIENCE.
650	2	4	_aACCOUNTING/AUDITING.
650	2	4	_aMICROECONOMICS.
700	1		_aFeltham, Gerald A. _eauthor.
710	2		_aSpringerLink (Online service)
773	0		_tSpringer eBooks
776	0	8	_iPrinted edition: _z9780387265971
830		0	_aSpringer Series in Accounting Scholarship, _x1572-0284 ; _v2
856	4	0	_uhttp://dx.doi.org/10.1007/b137817 _zVer el texto completo en las instalaciones del CICY
912			_aZDB-2-SBE
942			_2ddc _cER
999			_c56584 _d56584