We revisit the study of organizational goals, outcomes, and assessment of performance that
together define the process leading to 'success'. We begin by conducting a systematic …

Radio frequency identification (RFID) technology has proved to be an effective way to
eliminate inventory inaccuracy, which is very prevalent in many industries. Inspired by the …

In multi-division organizations, goal congruence between different divisions and top
management is critical to the success of management. In this paper, drawing upon a …

The literature on capital budgeting and investment proposals is rich with techniques, such as
portfolio management and stage-gate project management, which rely on a rational …

In a dynamic setting with demand following a random process, we ask how investment and
operating decisions can be delegated to a manager with unknown time preferences. Only …

In a parsimonious model, we analyze how to obtain consistent incentives when both
principal and agent are risk-averse and when a setting prevails in which the agent may have …

This monograph synthesizes recent work on the use of capital budgeting mechanisms to
coordinate decentralized investment decisions in multi-division firms, with a focus on two …

This paper examines the design of managerial performance measures based on accounting
information. The owners of the firm seek to create goal congruence for a better informed …

In a model with irreversible capacity investments, we show that financial statements
prepared under replacement cost accounting provide investors with sufficient information for …

Existing dynamic investment models that show that a manager can be incentivized to
implement the optimal investment policy rely on the assumption that the firm is operating in …