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Journal Article
Discussion of 'Contracting Theory and Accounting'
Journal of Accounting and Economics
Author(s)
Professor Lambert provides a very useful synthesis of the major issues in managerial accounting and the insights that agency theory has provided on those issues. In this discussion, I highlight some of the limitations of these models in examining accounting measurement questions. Lambert calls for additional work in multiperiod contracting models, and I discuss some of the modeling choices that must be made in such work. Finally, I present some thoughts on the relation between contract models and empirical research.
Date Published:
2001
Citations:
Magee, Robert. 2001. Discussion of 'Contracting Theory and Accounting'. Journal of Accounting and Economics. (1-3)89-96.