Much accounting research is based on the premise that monetary rewards are used to direct
and control individual actions. The assumption is that such rewards motivate individuals to …

The Problem Agency theory has been empirically studied in other fields of study such as
economics, political science, sociology, and management. Although a proposal for inclusion …

In this study, we explore the drivers of total shareholder returns (TSR) in commercial banks,
and investigate whether banks subscribing to Value-based Management (VBM) outperform …

This case study illustrates a young franchise in the leisure industry on its path to higher
profitability. Specifically, it deals with the profitability of its different recreational segments …

Arising from the principal-agent consideration, Jensen and Murphy (1990b) studied the pay-
performance sensitivity (including pay, options, stockholdings, and dismissal) for chief …

This paper studies how fund managers take skewed bets in tournaments in the investment
management industry, assuming that a given fund manager constantly reexamines fund …

Arising from the principal-agent consideration, Jensen and Murphy (1990b) studied the pay-
performance sensitivity (including pay, options, stockholdings, and dismissal) for chief …

This research examines the ability of Earnings less Risk-free Interest Charge (ERIC) to
predict stock returns. We find that that earnings, cash flow, and total income are more …

Transfer pricing is an essential tool for effective decision-making and transfer of resources
within a company. Often, these costing systems also provide a basis for bonus plans. In this …

Profitability analyses are pivotal for effective management accounting systems. This case
study explores how the analyses of both segments and customer groups generate different …