How control system design influences performance misreporting
8 important questions on How control system design influences performance misreporting
What are the main findings of this article?
* Performance misreporting will be lower under an open policy than under a closed policy
* The difference in misreporting between situations in which performance reports have a positive impact on peer managers' wealth and situations in which performance reports have a negative impact on peer managers' wealth is larger under an open than under a closed information policy.
Homo economicus model
When is the homo economicus model not applicable and why?
1) Social preferences: not only care about own wealth, but also the wealth of other people
2) Dishonesty represent a norm violation (personal or social norm)
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Interdependence within the compensation structure
Internal information policy
Managers can can maximize their wealth by breaking personal norm of honesty, how does the design of control system affects their reporting choice in this setting?
How will the reporting manager anticipate on that?
What does the open information policy does?
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