My bibliography
Save this item
Efficiency of an Information System in an Agency Model
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hugo Hopenhayn & Arantxa Jarque, 2006.
"Moral Hazard and Persistence,"
2006 Meeting Papers
670, Society for Economic Dynamics.
- Hugo A. Hopenhayn & Arantxa Jarque, 2007. "Moral hazard and persistence," Working Paper 07-07, Federal Reserve Bank of Richmond.
- Peter-J. Jost, 2023. "Auditing versus monitoring and the role of commitment," Review of Accounting Studies, Springer, vol. 28(2), pages 463-496, June.
- Fabian Herweg & Daniel Muller & Philipp Weinschenk, 2010.
"Binary Payment Schemes: Moral Hazard and Loss Aversion,"
American Economic Review, American Economic Association, vol. 100(5), pages 2451-2477, December.
- Herweg, Fabian & Müller, Daniel & Weinschenk, Philipp, 2010. "Binary payment schemes: Moral hazard and loss aversion," Munich Reprints in Economics 19450, University of Munich, Department of Economics.
- Fabian Herweg & Daniel Müller & Philipp Weinschenk, 2010. "Binary Payment Schemes: Moral Hazard and Loss Aversion," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2010_38, Max Planck Institute for Research on Collective Goods.
- Eric Maskin & Yingyi Qian & Chenggang Xu, 2000.
"Incentives, Information, and Organizational Form,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(2), pages 359-378.
- Eric Maskin & Yingyi Qian & Chenggang Xu, 1997. "Incentives, Information, and Organizational Form," Working Papers 97034, Stanford University, Department of Economics.
- Eric Maskin & Yingyi Qian & Chenggang Xu, 1999. "Incentives, Information, and Organizational Form," Working Papers 99009, Stanford University, Department of Economics.
- Newman, Andrew F., 2007.
"Risk-bearing and entrepreneurship,"
Journal of Economic Theory, Elsevier, vol. 137(1), pages 11-26, November.
- Andrew F. Newman, 2007. "Risk-Bearing and Entrepreneurship," Boston University - Department of Economics - The Institute for Economic Development Working Papers Series dp-162, Boston University - Department of Economics.
- Newman, Andrew, 2007. "Risk-bearing and Entrepreneurship," CEPR Discussion Papers 6021, C.E.P.R. Discussion Papers.
- François Larmande & Jean-Pierre Ponssard, 2013.
"Fishing for excuses and performance evaluation,"
Working Papers
hal-00825297, HAL.
- François Larmande & Jean-Pierre Ponssard, 2014. "Fishing for excuses and performance evaluation," Post-Print hal-02313124, HAL.
- François Larmande & Jean-Pierre Ponssard, 2014. "Fishing for Excuses and Performance Evaluation," CESifo Working Paper Series 4569, CESifo.
- Guillaume Plantin & Jean Tirole, 2018.
"Marking to Market versus Taking to Market,"
American Economic Review, American Economic Association, vol. 108(8), pages 2246-2276, August.
- Plantin, Guillaume & Tirole, Jean, 2015. "Marking to market versus taking to market," LSE Research Online Documents on Economics 65104, London School of Economics and Political Science, LSE Library.
- Guillaume Plantin & Jean Tirole, 2016. "Marking to Market versus Taking to Market," Working Papers hal-03393184, HAL.
- Guillaume Plantin & Jean Tirole, 2018. "Marking to market versus taking to market," Post-Print hal-03263648, HAL.
- Guillaume Plantin & Jean Tirole, 2016. "Marking to Market versus Taking to Market," SciencePo Working papers Main hal-03393184, HAL.
- Guillaume Plantin & Jean Tirole, 2018. "Marking to market versus taking to market," SciencePo Working papers Main hal-03263648, HAL.
- repec:hum:wpaper:sfb649dp2008-028 is not listed on IDEAS
- Hermalin, Benjamin E. & Weisbach, Michael S., 2017.
"Assessing Managerial Ability: Implications for Corporate Governance,"
Working Paper Series
2017-01, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Benjamin Hermalin & Michael Weisbach, 2017. "Assessing Managerial Ability: Implications for Corporate Governance," NBER Working Papers 23121, National Bureau of Economic Research, Inc.
- Jan Starmans, 2023. "Technological Determinants of Financial Constraints," Management Science, INFORMS, vol. 69(5), pages 3003-3024, May.
- Florian Hoffmann & Roman Inderst & Marcus Opp, 2021.
"Only Time Will Tell: A Theory of Deferred Compensation [Motivating Innovation in Newly Public Firms],"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(3), pages 1253-1278.
- Hoffmann, Florian & Inderst, Roman & Opp, Marcus M., 2018. "Only time will tell: A theory of deferred compensation," SAFE Working Paper Series 218, Leibniz Institute for Financial Research SAFE.
- Inderst, Roman & Opp, Marcus, 2019. "Only time will tell: A theory of deferred compensation," CEPR Discussion Papers 13643, C.E.P.R. Discussion Papers.
- Dina Mayzlin & Hema Yoganarasimhan, 2012. "Link to Success: How Blogs Build an Audience by Promoting Rivals," Management Science, INFORMS, vol. 58(9), pages 1651-1668, September.
- Benjamin E. Hermalin and Michael L. Katz., 1994.
"Corporate Diversification and Agency,"
Economics Working Papers
94-227, University of California at Berkeley.
- Hermalin, Benjamin E. & Katz, Michael, 2000. "Corporate Diversification and Agency," Research Program in Finance, Working Paper Series qt0p34c640, Research Program in Finance, Institute for Business and Economic Research, UC Berkeley.
- Hermalin, Benjamin E. & Katz, Michael L., 1994. "Corporate Diversification and Agency," Department of Economics, Working Paper Series qt3568z5kq, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Benjamin E. Hermalin and Michael L. Katz., 2000. "Corporate Diversification and Agency," Research Program in Finance Working Papers RPF-291, University of California at Berkeley.
- Benjamin E. Hermalin and Michael L. Katz., 2000. "Corporate Diversification and Agency," Economics Working Papers E00-272, University of California at Berkeley.
- Benjamin E. Hermalin & Michael L. Katz, 1994. "Corporate Diversification and Agency," Industrial Organization 9402001, University Library of Munich, Germany, revised 15 Nov 1996.
- Benjamin E. Hermalin & Michael L. Katz, 2000. "Corporate Diversification and Agency," Finance 9912001, University Library of Munich, Germany.
- Chade, Hector & Silvers, Randy, 2002.
"Informed principal, moral hazard, and the value of a more informative technology,"
Economics Letters, Elsevier, vol. 74(3), pages 291-300, February.
- Hector Chade & Randolph Silvers, "undated". "Informed Principal, Moral Hazard, and the Value of a More Informative Technology," Working Papers 2133302, Department of Economics, W. P. Carey School of Business, Arizona State University.
- Lang, Matthias, 2019.
"Communicating subjective evaluations,"
Journal of Economic Theory, Elsevier, vol. 179(C), pages 163-199.
- Matthias Lang, 2012. "Communicating Subjective Evaluations," Discussion Paper Series of the Max Planck Institute for Research on Collective Goods 2012_14, Max Planck Institute for Research on Collective Goods, revised Apr 2018.
- Lang, Matthias, 2019. "Communicating subjective evaluations," Munich Reprints in Economics 78243, University of Munich, Department of Economics.
- Matthias Lang, 2014. "Communicating Subjective Evaluations," CESifo Working Paper Series 4830, CESifo.
- Lang, Matthias, 2018. "Communicating Subjective Evaluations," Rationality and Competition Discussion Paper Series 120, CRC TRR 190 Rationality and Competition.
- Guillaume Plantin & Jean Tirole, 2016. "Marking to Market versus Taking to Market," SciencePo Working papers hal-03393184, HAL.
- Nafziger, Julia, 2009. "Timing of information in agency problems with hidden actions," Journal of Mathematical Economics, Elsevier, vol. 45(11), pages 751-766, December.
- Ethan Ligon & Laura Schechter, 2020.
"Structural Experimentation to Distinguish between Models of Risk Sharing with Frictions in Rural Paraguay,"
Economic Development and Cultural Change, University of Chicago Press, vol. 69(1), pages 1-50.
- Ligon, Ethan & Schechter, Laura, 2017. "Structural experimentation to distinguish between models of risk sharing with frictions in rural Paraguay," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt9891t8g3, Department of Agricultural & Resource Economics, UC Berkeley.
- Ligon, Ethan & Schechter, Laura, 2019. "Structural experimentation to distinguish between models of risk sharing with frictions in rural Paraguay," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt6vp5g054, Department of Agricultural & Resource Economics, UC Berkeley.
- Jung, Jin Yong & Kim, Son Ku, 2015. "Information space conditions for the first-order approach in agency problems," Journal of Economic Theory, Elsevier, vol. 160(C), pages 243-279.
- Strausz, Roland, 2006.
"Buried in paperwork: Excessive reporting in organizations,"
Journal of Economic Behavior & Organization, Elsevier, vol. 60(4), pages 460-470, August.
- Roland Strausz, "undated". "Buried in Paperwork: Excessive Reporting in Organizations," Papers 021, Departmental Working Papers.
- Strausz, Roland, 2004. "Buried in Paperwork: Excessive Reporting in Organizations," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 27, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Broll, Udo & Eckwert, Bernhard, 2009. "Modelling information and hedging: The exporting firm," Economic Modelling, Elsevier, vol. 26(5), pages 974-977, September.
- Chi, Chang Koo & Olsen, Trond E., 2018.
"Relational Incentive Contracts and Performance Measurement,"
Discussion Paper Series in Economics
7/2018, Norwegian School of Economics, Department of Economics.
- Chi, Chang Koo & Olsen, Trond E., 2018. "Relational Incentive Contracts and Performance Measurement," Discussion Papers 2018/6, Norwegian School of Economics, Department of Business and Management Science.
- Florian Englmaier & Stephen Leider, 2012.
"Contractual and Organizational Structure with Reciprocal Agents,"
American Economic Journal: Microeconomics, American Economic Association, vol. 4(2), pages 146-183, May.
- Florian Englmaier & Stephen G. Leider, 2008. "Contractual and Organizational Structure with Reciprocal Agents," CESifo Working Paper Series 2415, CESifo.
- Englmaier, Florian & Leider, Stephen, 2012. "Contractual and organizational structure with reciprocal agents," Munich Reprints in Economics 22010, University of Munich, Department of Economics.
- repec:hal:spmain:info:hdl:2441/7pu0mfr14h9ba9rsrotsskha8c is not listed on IDEAS
- Larbi Alaoui & Alvaro Sandroni, 2013. "Predestination and the Protestant Ethic," Working Papers 679, Barcelona School of Economics.
- Hueth, Brent & Ligon, Ethan, 2001. "Estimation Of An Optimal Tomato Contract," 2001 Annual meeting, August 5-8, Chicago, IL 20560, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Chaigneau, Pierre & Edmans, Alex & Gottlieb, Daniel, 2019.
"The informativeness principle without the first-order approach,"
Games and Economic Behavior, Elsevier, vol. 113(C), pages 743-755.
- Chaigneau, Pierre & Edmans, Alex & Gottlieb, Daniel, 2019. "The informativeness principle without the first-order approach," LSE Research Online Documents on Economics 102226, London School of Economics and Political Science, LSE Library.
- Chen, Bo, 2012. "All-or-nothing payments," Journal of Mathematical Economics, Elsevier, vol. 48(3), pages 133-142.
- Marie‐Cécile Fagart & Claude Fluet, 2009.
"Liability insurance under the negligence rule,"
RAND Journal of Economics, RAND Corporation, vol. 40(3), pages 486-508, September.
- Marie-Cécile Fagart & Claude Fluet, 2007. "Liability Insurance under the Negligence Rule," Cahiers de recherche 0730, CIRPEE.
- Matthias Lang, 2020. "Mechanism Design with Narratives," CESifo Working Paper Series 8502, CESifo.
- Lilia Filipova, 2007. "Monitoring and Privacy in Automobile Insurance Markets with Moral Hazard," Discussion Paper Series 293, Universitaet Augsburg, Institute for Economics.
- Lilia Filipova, 2007. "Monitoring and Privacy in Automobile Insurance Markets with Moral Hazard," Working Papers 026, Bavarian Graduate Program in Economics (BGPE).
- Sinclair-Desgagne, Bernard & Gabel, H. Landis, 1997.
"Environmental Auditing in Management Systems and Public Policy,"
Journal of Environmental Economics and Management, Elsevier, vol. 33(3), pages 331-346, July.
- H. Landis Gabel & Bernard Sinclair-Desgagné, 1996. "Environmental Auditing in Management Systems and Public Policy," CIRANO Working Papers 96s-21, CIRANO.
- Joseph G. Haubrich, 1995. "Imperfect state verification and financial contracting," Working Papers (Old Series) 9506, Federal Reserve Bank of Cleveland.
- Corgnet, Brice & Rodriguez-Lara, Ismael, 2013.
"Are you a good employee or simply a good guy? Influence costs and contract design,"
Journal of Economic Behavior & Organization, Elsevier, vol. 92(C), pages 259-272.
- Brice Corgnet & Ismael Rodriguez Lara, 2009. "Are you a good employee or simply a good guy? Influence Costs and Contract Design," Faculty Working Papers 13/09, School of Economics and Business Administration, University of Navarra.
- Brice Corgnet & Ismael Rodriguez-Lara, 2013. "Are you a good employee or simply a good guy? Influence costs and contract design," Post-Print hal-02311958, HAL.
- Brice Corgnet & Ismael Rodriguez-Lara, 2012. "Are you a Good Employee or Simply a Good Guy? Infl?uence Costs and Contract Design," Working Papers 12-02, Chapman University, Economic Science Institute.
- Brandt, Nikolai & Drees, Burkhard & Eckwert, Bernhard & Várdy, Felix, 2014. "Information and the dispersion of posterior expectations," Journal of Economic Theory, Elsevier, vol. 154(C), pages 604-611.
- Kim, Son Ku & Wang, Susheng, 1998. "Linear Contracts and the Double Moral-Hazard," Journal of Economic Theory, Elsevier, vol. 82(2), pages 342-378, October.
- Li, Fei & Ueda, Masako, 2009. "Why do reputable agents work for safer firms?," Finance Research Letters, Elsevier, vol. 6(1), pages 2-12, March.
- Eric S. Chou & Chien-Lung Chen, 2015. "Can Agents Be Better Off with Pay Caps?," Scandinavian Journal of Economics, Wiley Blackwell, vol. 117(4), pages 1069-1090, October.
- Herweg, Fabian & Müller, Daniel, 2008. "The Optimality of Simple Contracts: Moral Hazard and Loss Aversion," Bonn Econ Discussion Papers 17/2008, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Dominique Demougin & Claude Fluet, 1997. "Monitoring versus Incentives: Substitutes or Complements?," Cahiers de recherche CREFE / CREFE Working Papers 47, CREFE, Université du Québec à Montréal.
- Elisa Gerten & Michael Beckmann & Elisa Gerten & Matthias Kräkel, 2022.
"Information and Communication Technology, Hierarchy, and Job Design,"
ECONtribute Discussion Papers Series
189, University of Bonn and University of Cologne, Germany.
- Gerten, Elisa & Beckmann, Michael & Kräkel, Matthias, 2022. "Information and Communication Technology, Hierarchy, and Job Design," IZA Discussion Papers 15491, Institute of Labor Economics (IZA).
- Brent Hueth & Tigran Melkonyan, 2004.
"Quality Measurement and Contract Design: Lessons from the North American Sugarbeet Industry,"
Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 52(2), pages 165-181, July.
- Hueth, Brent & Melkonyan, Tigran, 2002. "Quality Measurement and Contract Design: Lessons from the North American Sugarbeet Industry," Working Papers 201551, University of Wisconsin-Madison, Department of Agricultural and Applied Economics, Food System Research Group.
- Hooper, Louise, 2008. "Paying for performance: Uncertainty, asymmetric information and the payment model," Research in Transportation Economics, Elsevier, vol. 22(1), pages 157-163, January.
- Broll, Udo & Eckwert, Bernhard & Wong, Kit Pong, 2010. "International trade and the role of market transparency," Dresden Discussion Paper Series in Economics 08/10, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
- Anqi Li & Ming Yang, 2018. "Optimal Incentive Contract with Endogenous Monitoring Technology," Papers 1810.11471, arXiv.org, revised Nov 2019.
- Alexander K. Koch & Julia Nafziger, 2012.
"Job Assignments under Moral Hazard: The Peter Principle Revisited,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 21(4), pages 1029-1059, December.
- Koch, Alexander K. & Nafziger, Julia, 2007. "Job Assignments under Moral Hazard: The Peter Principle Revisited," IZA Discussion Papers 2973, Institute of Labor Economics (IZA).
- Hugo Hopenhayn & Arantxa Jarque, 2010.
"Unobservable Persistent Productivity and Long Term Contracts,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(2), pages 333-349, April.
- Hopenhayn, Hugo & Jarque, Arantxa, 2009. "Unobservable Persistant Productivity and Long Term Contracts," UC3M Working papers. Economics we092717, Universidad Carlos III de Madrid. Departamento de EconomÃa.
- Hugo Hopenhayn & Arantxa Jarque, 2009. "Code files for "Unobservable Persistent Productivity and Long Term Contracts"," Computer Codes 07-192, Review of Economic Dynamics.
- George Georgiadis & Balazs Szentes, 2020. "Optimal Monitoring Design," Econometrica, Econometric Society, vol. 88(5), pages 2075-2107, September.
- Gassen, Joachim, 2008. "Are stewardship and valuation usefulness compatible or alternative objectives of financial accounting?," SFB 649 Discussion Papers 2008-028, Humboldt University Berlin, Collaborative Research Center 649: Economic Risk.
- repec:spo:wpmain:info:hdl:2441/7pu0mfr14h9ba9rsrotsskha8c is not listed on IDEAS
- Budde, Jörg, 2005. "Information in tournaments under limited liability," Bonn Econ Discussion Papers 21/2005, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Bernhard Eckwert & Itzhak Zilcha, 2007.
"The Effect of Better Information on Income Inequality,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 32(2), pages 287-307, August.
- Bernhard Eckwert & Itzhak Zilcha, 2003. "The Effect of Better Information on Income Inequality," CESifo Working Paper Series 969, CESifo.
- Broll, Udo & Eckwert, Bernhard, 2009. "Modelling information and hedging: the exporting firm," Dresden Discussion Paper Series in Economics 02/09, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
- Bernard Sinclair-Desgagné & Marie-Cécile Fagart, 2004. "Auditing policies and information," Econometric Society 2004 North American Winter Meetings 86, Econometric Society.
- Marie-Cécile Fagart & Bernard Sinclair-Desgagné, 2002.
"Auditing Policies and Information Systems in Principal-agent Analysis,"
Cahiers de recherche
02-02, HEC Montréal, Institut d'économie appliquée.
- Marie-Cécile Fagart & Bernard Sinclair-Desgagné, 2002. "Auditing Policies and Information Systems in Principal-Agent Analysis," CIRANO Working Papers 2002s-18, CIRANO.
- Hao Hong & Tsz-Ning Wong, 2020. "Authoritarian election as an incentive scheme," Journal of Theoretical Politics, , vol. 32(3), pages 460-493, July.
- Larmande, Francois, 2013. "Limited liability, the first-order approach, and the ranking of information systems in agencies," Economics Letters, Elsevier, vol. 118(2), pages 314-317.
- Jörg Budde & Matthias Kräkel, 2011.
"Limited liability and the risk–incentive relationship,"
Journal of Economics, Springer, vol. 102(2), pages 97-110, March.
- Budde, Jörg & Kräkel, Matthias, 2008. "Limited Liability and the Risk-Incentive Relationship," Bonn Econ Discussion Papers 6/2008, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Budde, Jörg & Kräkel, Matthias, 2008. "Limited Liability and the Risk-Incentive Relationship," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 232, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Marie-Cécile Fagart & Bernard Sinclair-Desgagné, 2007. "Ranking Contingent Monitoring Systems," Management Science, INFORMS, vol. 53(9), pages 1501-1509, September.
- Budde, Jörg, 2009. "Information in tournaments under limited liability," Journal of Mathematical Economics, Elsevier, vol. 45(1-2), pages 59-72, January.
- Kräkel, Matthias, 2021. "On the delegation of authority," Journal of Economic Behavior & Organization, Elsevier, vol. 191(C), pages 965-981.
- Fluet, Claude, 2010.
"Liability rules under evidentiary uncertainty,"
International Review of Law and Economics, Elsevier, vol. 30(1), pages 1-9, March.
- Claude Fluet, 2006. "Liability Rules under Evidentiary Uncertainty," Cahiers de recherche 0606, CIRPEE.
- Starmans, Jan, 2024. "Contracting and search with heterogeneous principals and agents," Journal of Economic Theory, Elsevier, vol. 217(C).
- Demougin, Dominique & Fluet, Claude, 2001. "Monitoring versus incentives," European Economic Review, Elsevier, vol. 45(9), pages 1741-1764, October.
- Alonso-Paulí, Eduard & André, Francisco J., 2015. "Standardized environmental management systems as an internal management tool," Resource and Energy Economics, Elsevier, vol. 40(C), pages 85-106.
- Li, Anqi & Yang, Ming, 2020. "Optimal incentive contract with endogenous monitoring technology," Theoretical Economics, Econometric Society, vol. 15(3), July.
- Silvers, Randy, 2012. "The value of information in a principal–agent model with moral hazard: The ex post contracting case," Games and Economic Behavior, Elsevier, vol. 74(1), pages 352-365.
- Udo Broll & Bernhard Eckwert & Kit Pong Wong, 2014. "Transparency and Risk Sharing in International Trade," Manchester School, University of Manchester, vol. 82(6), pages 716-731, December.
- Christian Lukas, 2007. "Managerial expertise, learning potential and dynamic incentives: get more for less?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 28(3), pages 195-211.
- Seshimo, Hiroyuki, 2014. "Adverse selection versus hold up: Tenure choice, tenancy protection and equilibrium in housing markets," Regional Science and Urban Economics, Elsevier, vol. 48(C), pages 39-55.
- Jonathan Glover & Carolyn B. Levine, 2019. "Information Asymmetries about Measurement Quality," Contemporary Accounting Research, John Wiley & Sons, vol. 36(1), pages 50-71, March.
- Pierre Jinghong Liang, 2000. "Accounting Recognition, Moral Hazard, and Communication," Contemporary Accounting Research, John Wiley & Sons, vol. 17(3), pages 458-490, September.
- Lorens A. Imhof & Matthias Kräkel, 2023. "Team Diversity and Incentives," Management Science, INFORMS, vol. 69(4), pages 2497-2516, April.
- Benjamin Bental & Bruno Deffains & Dominique Demougin, 2020. "Interpreting contracts: the purposive approach and non-comprehensive incentive contracts," European Journal of Law and Economics, Springer, vol. 50(2), pages 241-265, October.
- Christensen, Peter O. & Feltham, Gerald A. & Sabac, Florin, 2005. "A contracting perspective on earnings quality," Journal of Accounting and Economics, Elsevier, vol. 39(2), pages 265-294, June.