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The trade‐off of reliability for relevance within a stewardship setting
Author(s) -
Woodlock Peter D.,
Young Richard A.
Publication year - 2001
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/mde.1022
Subject(s) - discretion , stewardship (theology) , relevance (law) , reliability (semiconductor) , business , accounting , actuarial science , political science , law , power (physics) , physics , quantum mechanics , politics
In a single period stewardship setting in which an agent has some reporting discretion, we identify the types of reporting discretion that lead to relevant and reliable reporting. We also provide instances when the reporting discretion available to the agent will cause these two characteristics of reporting to be in conflict. Copyright © 2001 John Wiley & Sons, Ltd.