VIII. Summer School on Accounting 2012
Performance Evaluation and Compensation:
Theory and Empirical Evidence
Instructors
Raffi J. Indjejikian
(Ross School of Business, University of Michigan)
and
Dhananjay Nanda
(University of Miami)
Munich, June 12-14, 2012
This course will examine performance evaluation and compensation research in accounting from an agency perspective. Initially, the emphasis will be on foundational theoretical research – mostly “contracting” models between two parties, one of which only has imperfect information about the other’s preferences or information or is unable to observe the other’s behavior. However, some agency-based empirical papers in accounting as well as papers that combine both empirical and analytical methods will also be reviewed.
The main topics include:
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Choice of performance measures (accounting versus market-based, divisional versus firm-level, financial versus non-financial, input versus output);
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Role of performance targets and standards;
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Link between compensation and performance.
The primary objective of the course is to introduce young researchers in accounting to current research paradigms related to performance measurement and to identify promising avenues for future research.
A detailed agenda may be downloaded here (pdf, 56kb).
Introductory Articles:
Indjejikian, R.J. and M. Matejka, “Accounting Decentralization and Performance Evaluation of Business Unit managers”, The Accounting Review, 2012.
Indjejikian, R.J. and D. Nanda, “Executive Target Bonuses and What They Imply About Performance Standards”, The Accounting Review, 2002.
Brief History
The Summer School on Accounting is designed for PhD students and young post-doctoral researchers in accounting who would like to extend and deepen their knowledge on current research issues in accounting. The summer school is held annually and is organized jointly by
- Prof. Dr. Christian Hofmann (LMU Munich)
- Prof. Dr. Alexis H. Kunz (University of Bern), and
- Prof. Dr. Thomas Pfeiffer (University of Vienna).
The venue alternates between the three hosts. Internationally renowned researchers in accounting are invited as instructors. Previous summer courses were held by Stefan Reichelstein (Stanford), Madhav Rajan (Stanford), Joel Demski (University of Florida), Christopher Ittner (Wharton) and Paul Fischer (Wharton). The Summer School on Accounting is sponsored by the German Research Foundation (DFG).
To foster academic networking and to facilitate contact between fellow participants, attendees are encouraged to join the group "Summer School on Accounting" on Facebook.