A perspective on asymmetric information, incentives and intrafirm resource allocation

• 成果类型: Article
• 署名作者: Rajan, MV; Reichelstein, S
• 署名单位: Stanford University
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.1040.0285
• 发表日期: 2004
• 页码: 1615-1623
• 关键词: intrafirm resource allocation; managerial incentives; asymmetric information

摘要

The paper Asymmetric Information, Incentives and Intrafirm Resource Allocation, by Harris, Kriebel, and Raviv, was published in the June 1982 issue of Management Science. In this article, written as part of this journal's 50-year anniversary celebration, we highlight the significance of the Harris et al. paper for research in managerial accounting. We first formulate and solve a continuous version of the Harris et al. model to illustrate the key assumptions and findings of their paper. We then review several strands of the resource-allocation literature in managerial accounting that have taken their inspiration, either directly or indirectly, from the work of Harris et al.