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

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 r...

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Bibliographic Details
Published inManagerial and decision economics Vol. 22; no. 6; pp. 315 - 326
Main Authors Woodlock, Peter D., Young, Richard A.
Format Journal Article
LanguageEnglish
Published Chichester, UK John Wiley & Sons, Ltd 01.09.2001
John Wiley and Sons
Wiley Periodicals Inc
SeriesManagerial and Decision Economics
Subjects
Cash flow
Contract incentives
Creative accounting
Disclosure
Economics
Executives
Expected utility
Financial management
Financial performance
Financial reporting
Income distribution
Income level
Internal controls
Limited liability
Management
Permits
Probability
Reliability
Spreading risk
Studies
Trade-off
Truth condition
United States > US
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Summary: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.
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content type line 23
ISSN:0143-6570
1099-1468
DOI:10.1002/mde.1022