Date of Original Version

8-2003

Type

Article

Abstract or Description

Intertemporal aggregation results in a summarization of information and a natural delay in the release of information. We study a principal-agent model and show that intertemporal aggregation can be an optimal feature of a performance evaluation system. We then highlight subtleties associated with valuing additional information as the level of aggregation of existing information is varied.

DOI

10.1080/0963818042000216857

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Published In

European Accounting Review , 13, 4, 643-657.