This paper reviews agency theory and its application to accounting issues. I discuss the
formulation of models of incentive problems caused by moral hazard and adverse selection …

Budgeting is one of the most extensively researched topics in management accounting and
has been studied from the theoretical perspectives of economics, psychology, and …

This book began as a series of lesson notes for a financial accounting theory course of the
Certified General Accountants' Association of Canada (CGA). The lesson notes grew out of a …

Games in which one party conveys private information to a second through messages
typically admit large numbers of sequential equilibria, as the second party may entertain a …

In this paper, I provide two theories about why management might withhold information
which is not proprietary, together with an analysis of the consequences of altering various …

We consider a moral hazard problem where the principal is uncertain as to what the agent
can and cannot do: she knows some actions available to the agent, but other, unknown …

Historically, bubbles are followed by crashes, which in turn are followed by punitive
legislation. The 1999–2003 era is fully consistent with this pattern….(Coffee, 2003a, p. 46) …

In this paper, I propose and analyze two reasons shareholders might not be inclined to
eliminate the tendency for managers to engage in earnings management. The first motive is …

The last decade has seen a steady increase in the application of concepts from
noncooperative game theory to such diverse fields as economics, political science, law …

Budgeting is one of the most extensively researched topics in management accounting and
has been studied from the theoretical perspectives of economics, psychology, and …