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The trade-off of reliability for relevance within a stewardship setting

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  • Peter D. Woodlock

    (Department of Accounting and Finance, Williamson College of Business Administration, Youngstown State University, Youngstown, OH, USA)

  • Richard A. Young

    (Fisher College of Business, Ohio State University, Columbus, OH, USA)

Abstract

In a single period stewardship setting in which an agent has some reporting discretion, we identify the types of reporting discretion that lead to relevant and reliable reporting. We also provide instances when the reporting discretion available to the agent will cause these two characteristics of reporting to be in conflict. Copyright © 2001 John Wiley & Sons, Ltd.

Suggested Citation

  • Peter D. Woodlock & Richard A. Young, 2001. "The trade-off of reliability for relevance within a stewardship setting," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 22(6), pages 315-326.
    • Handle: RePEc:wly:mgtdec:v:22:y:2001:i:6:p:315-326
    DOI: 10.1002/mde.1022
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    References listed on IDEAS

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