This paper studies the optimal allocation of decision rights between an uninformed principal and an informed agent when interdependent activities need to be adapted to local conditions. While the principal cares only about overall pro…ts the agent may favor higher, or lower, levels for each activity than the pro…t-maximizing level. The principal has limited commitment power and can only commit ...

Two types of developmental dyslexia are commonly distinguished. Children suffering from one type (e.g. surface dyslexia) read slowly and typically sound out the words during reading and children with the other type (e.g. phonological dyslexia) readat a normal rate but make many wordsubstitutions. Several authors (e.g. Castles & Coltheart, 1993) have proposed that the existence of the two types ...

This paper discusses the design characteristics management accounting systems should have to be useful for strategic planning and control and provides brief introductions to strategic variance analysis and profit-linked performance measurement models. It shows two multi-period, multi-product models (Banker, Chang and Majumdar 1993; Banker and Johnston 1989) are specified, can be related to Port...

Enterprises compete in high dynamic and fast changing markets. Reacting quickly and flexibly to market changes is a crucial competitive advantage for an enterprise. Therefor premises of strategic planning and achievement of strategic goals have to be controlled permanently and in a systematic way. Strategic control which is part of strategic management monitors premises of the corporate strateg...

Enterprises compete in high dynamic and fast changing markets. Reacting quickly and flexibly to market changes is a crucial competitive advantage for an enterprise. Therefor premises of strategic planning and achievement of strategic goals have to be controlled permanently and in a systematic way. Strategic control which is part of strategic management monitors premises of the corporate strateg...