|
|
|
|
||||
|
||||
Usefulness Lost: Aggregating Information with Differing Levels of VerifiabilityJonathan C. GloverCarnegie Mellon University - David A. Tepper School of Business Yuji IjiriCarnegie Mellon University Carolyn B. LevineCarnegie Mellon University - David A. Tepper School of Business Pierre Jinghong LiangCarnegie Mellon University - Tepper School of Business Abstract: In this paper, we study information asymmetries about verifiability between a principal and an agent. Our main result is that an information asymmetry about verifiability not only reduces the usefulness of a given performance measure for stewardship purposes, it can completely destroy that performance measure's usefulness.
Number of Pages in PDF File: 29 Keywords: Stewardship, Verifiability, Information Asymmetry JEL Classification: C70, D82, M41 working papers seriesDate posted: May 7, 2005Suggested CitationContact Information
|
|
||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo5 in 0.421 seconds
