Reply to: dynamic incentives and responsibility accounting: a comment

被引：3

作者：

Indjejikian, R ^{[1
]}

Nanda, D

机构：

[1] Univ Michigan, Sch Business Adm, Ann Arbor, MI 48109 USA

[2] Duke Univ, Fuqua Sch Business, Durham, NC 27708 USA

来源：

JOURNAL OF ACCOUNTING & ECONOMICS | 2003年 / 35卷 / 03期

关键词：

contracting; performance measurement; ratchet effect;

D O I：

10.1016/S0165-4101(03)00041-7

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Christensen et al. (Dynamic incentives and responsibility accounting: a comment, J. Account. Econ. 35 (2003) 423) examine Indjejikian and Nanda (J. Account. Econ. 27 (1999) 177) and suggest that our characterization of the inefficiency arising from limited commitment as a "ratchet effect" phenomenon is misplaced. In this reply, we describe the ratchet effect as commonly understood in the literature, clarify the role of contractual commitments in our analysis, and then illustrate why both the substance and interpretation of our original results continue to be appropriate. (C) 2003 Elsevier B.V. All rights reserved.

引用

页码：437 / 441

页数：5

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