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Keywords: moral hazard
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Journal Articles
The Accounting Review 1–25.
Published: 25 January 2024
..., USA. Editor’s note: Accepted by Jonathan C. Glover, under the Senior Editorship of W. Robert Knechel. 14 10 2021 12 12 2023 18 12 2023 2024 moral hazard agency theory contracts compensation accounting measurement conservatism congruity bonus plans...
Journal Articles
The Accounting Review (2013) 88 (1): 1–30.
Published: 01 January 2013
... salary is positively associated with future performance, current bonus is not. As the model suggests, salary is adjusted to meet the reservation utility and information rent, and is positively correlated over time to reflect ability. Bonus serves to address moral hazard and adverse selection...