Optimality of Intertemporal Aggregation in Dynamic Agency

Lukas, Christian

Optimality of Intertemporal Aggregation in Dynamic Agency

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Date

2010

Publication type

Journal article

Published in

Journal of management accounting research ; 22 (2010), 1. - pp. 157-174

Abstract

Employee performance evaluations usually take place on an annual basis but quarterly, monthly, or weekly evaluations are by no means exceptional. If their outcomes determine variable pay, finding the optimal frequency of performance evaluations is far from a trivial task. This paper investigates the benefit of intertemporal aggregation of performance measures in a two-period agency with a non-stationary production technology and shows that infrequent evaluation can be efficient even if there is complementarity between tasks in different periods. When the principal cannot fully commit to a two-period contract, the benefit of aggregation is yet larger.

Subject (DDC)

330 Economics

Keywords

dynamic agency,intertemporal aggregation,performance measurement,complementary tasks,commitment

Cite This

ISO 690

LUKAS, Christian, 2010. Optimality of Intertemporal Aggregation in Dynamic Agency. In: Journal of management accounting research. 22(1), pp. 157-174

BibTex

@article{Lukas2010Optim-3319,
  year={2010},
  title={Optimality of Intertemporal Aggregation in Dynamic Agency},
  number={1},
  volume={22},
  journal={Journal of management accounting research},
  pages={157--174},
  author={Lukas, Christian}
}

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