کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
1006530 | 1482122 | 2006 | 16 صفحه PDF | دانلود رایگان |
This paper studies two scenarios of incentive issues related to innovation: the first is related to organizational innovation and the second is related to technological innovation. In the first scenario, we show that diversification across substitutive projects can actually make incompetent management more visible, and hence reduce incentive costs. In the second scenario, we illustrate that the new accounting standard on goodwill impairment may have a positive impact on incentive contracts even when the agent does not have control over the result of the impairment test. In both scenarios, we emphasize the out-of-equilibrium stewardship role of accounting information. We also stress the importance of distinguishing information content from value of information in contracting.
Journal: Journal of Engineering and Technology Management - Volume 23, Issues 1–2, March–June 2006, Pages 114–129