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98
2002. Empirical Evidence on the Relation Between Stock Option Compensation and Risk Taking
- Journal of Accounting and Economics
"... Philadelphia for their comments on previous versions of this paper. Empirical Evidence on the Relation Between ..."
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Philadelphia for their comments on previous versions of this paper. Empirical Evidence on the Relation Between
Real Investment Implications of Employee Stock Option Exercises
"... primarily conducted while Wong was on faculty at the University of California at Berkeley, and ..."
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Cited by 23 (0 self)
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primarily conducted while Wong was on faculty at the University of California at Berkeley, and
Choice and change of measures in performance measurement models”, Management Accounting Research 15, pp 441–469
, 2004
"... Data Availability: This research is supported by data generously provided by the anonymous host company. Proprietary data beyond that disclosed in this paper are not available. Company Approval: The host company has approved the dissemination and publication of this research. 1 Choice and Change of ..."
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Data Availability: This research is supported by data generously provided by the anonymous host company. Proprietary data beyond that disclosed in this paper are not available. Company Approval: The host company has approved the dissemination and publication of this research. 1 Choice and Change of Measures in Performance Measurement Models This paper uses management control, resource-based and systems-based strategy theories to describe a large U.S. manufacturing company’s efforts to improve profitability by designing and using a performance measurement model (PMM). This PMM includes multiple performance measures relevant to its distribution channel for products, repair parts and maintenance services. The PMM is intended to reflect the company’s understanding of performance relations among strategic resources, operational capabilities, and desired financial outcomes. The PMM also reflects its intended distribution strategy, the types of performance necessary to achieve that strategy by its distributors, and its desired financial outcomes. Furthermore, the company uses the model to evaluate its North American distributors and intends to use these evaluations as a partial basis for annual and long-term
Conjectures regarding empirical managerial accounting research
- Journal of Accounting and Economics
, 2001
"... The empirical managerial accounting literature has failed to produce a substantive cumulative body of knowledge. This literature has not matured beyond describing practice to developing and testing theories explaining observed practice, like other areas of accounting research. While the lack of publ ..."
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Cited by 11 (0 self)
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The empirical managerial accounting literature has failed to produce a substantive cumulative body of knowledge. This literature has not matured beyond describing practice to developing and testing theories explaining observed practice, like other areas of accounting research. While the lack of publicly available data is a popular reason for this literature’s underdeveloped state, it is not the only one. Other conjectures include: its inductive approach, researchers ’ incentives, its use of non-economics-based frameworks,
Does the Quality of Online Customer Experience Create a Sustainable Competitive Advantage for E-commerce Firms?” (Working Paper
, 2001
"... Qian Wang for excellent research assistance and Nola Jean Bamberry for editorial assistance. We thank an ..."
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Cited by 10 (1 self)
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Qian Wang for excellent research assistance and Nola Jean Bamberry for editorial assistance. We thank an
The endogeneity bias in the relation between cost-of-debt capital and corporate disclosure policy’, European Accounting Review
, 2005
"... and Corporate Disclosure Policy. (CentER Discussion Paper; Vol. 2005-67). Tilburg: Accounting. General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications ..."
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and Corporate Disclosure Policy. (CentER Discussion Paper; Vol. 2005-67). Tilburg: Accounting. General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights.? Users may download and print one copy of any publication from the public portal for the purpose of private study or research? You may not further distribute the material or use it for any profit-making activity or commercial gain? You may freely distribute the URL identifying the publication in the public portal Take down policy If you believe that this document breaches copyright, please contact us providing details, and we will remove access to the work immediately and investigate your claim. Download date: 12. mei. 2016
i Relations among Measures, Climate of Control and Performance Measurement Models
, 2006
"... contributions from an associate editor and two anonymous reviewers. ii Relations among Measures, Climate of Control and Performance Measurement Models Cause-and-effect relations among performance measures are alleged to be distinguishing features of performance measurement models (PMM), such as bala ..."
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contributions from an associate editor and two anonymous reviewers. ii Relations among Measures, Climate of Control and Performance Measurement Models Cause-and-effect relations among performance measures are alleged to be distinguishing features of performance measurement models (PMM), such as balanced scorecards. This study reports the evolution of the study of a PMM that was developed by a large U.S.-based company for its closely linked distribution channel. Motivated by the literature on PMM and causality, we report an analysis of linked performance measures for 31 quarters (1997 – 2005) and 31 business units. We find minimal statistical significance and no significant predictive ability in the model (i.e., no Granger causality), yet the company and its distributors express satisfaction with the model and with both company and distributor profitability. Reasoning that cause and effect was not the only explanation for scorecard success, we thoroughly analyze qualitative data for how managers perceived and used (a) the relations in the scorecard and (b) the climate of control intended and achieved in the organization through the scorecard. We find that the PMM’s logical and finality relations support the company’s climate of control. We also
Long-Run Investment Decisions, Operating Performance, and Shareholder Value Creation of Firms Adopting Compensation Plans Based on Economic Profits,”
- Journal of Financial and Quantitative Analysis,
, 2005
"... Abstract: For firms adopting economic profit plans between 1983 and 1996, we document changes in investment behavior that lead to improvements in operating performance and growth opportunities relative to their own past performance. These improvements, however, are similar to those realized by a se ..."
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Abstract: For firms adopting economic profit plans between 1983 and 1996, we document changes in investment behavior that lead to improvements in operating performance and growth opportunities relative to their own past performance. These improvements, however, are similar to those realized by a set of nonadoptong control firms that are selected on the basis of a logistic regression model of adoption choice. We then consider the possibility that some firms are better candidates for economic profit plans than others and classify adopters according to whether they made anticipated or surprising choices based on the adoption choice model. We find that anticipated adopters make changes in investment behavior that reduce invested capital and allow them to become more profitable than a sample of control firms that were expected to adopt but chose to continue using a traditional plan. A similar analysis of surprise adopters does not reveal significant performance differences relative to a sample of anticipated nonadopters. The classification analysis suggests that economic profit plans work best for firms that are expected to adopt such plans based on pre-adoption operating, organizational, financial, and compensation characteristics.
The Relevance of Web Traffic for Stock Prices of Internet Firms”, unpublished working paper
, 2000
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HOW FORMAL PERFORMANCE EVALUATION AFFECTS TRUST BETWEEN SUPERIOR AND SUBORDINATE MANAGERS
"... An important question in the control literature concerns the role of interpersonal trust in the design and functioning of formal control systems for collaborative settings. Although some studies regard trust and formal controls as independent phenomena, recently studies have explored how formal cont ..."
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An important question in the control literature concerns the role of interpersonal trust in the design and functioning of formal control systems for collaborative settings. Although some studies regard trust and formal controls as independent phenomena, recently studies have explored how formal controls affect interpersonal trust. These studies provide mixed results, as they show both positive and negative effects of formal control on trust. This suggests that our understanding of the mechanisms through which, and the conditions under which, formal control affects trust is important, but still limited. In this paper we aim to enhance our understanding of this relationship by investigating the relationship between formal control and interpersonal trust for the collaborative setting of superiors and subordinates. We argue that subordinate’s trust in the superior depends on the formality of the performance evaluation procedure, that this relationship is mediated by managerial perceptions of justice and feedback, and that these effects differ across managerial functions. We test our expectations using survey data from a sample of 160 managers in 11 commercial banks. Overall, we find that formal performance evaluation affects trust, and that this relationship is mediated by
