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Heterogeneous Beliefs and Management Control System

Research Project

Project/Area Number 16H07173
Research Category

Grant-in-Aid for Research Activity Start-up

Allocation TypeSingle-year Grants
Research Field Accounting
Research InstitutionKeio University

Principal Investigator

KIMURA Taichi  慶應義塾大学, 経営管理研究科(日吉), 助教 (10779771)

Project Period (FY) 2016-08-26 – 2018-03-31
Project Status Completed (Fiscal Year 2017)
Budget Amount *help
¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2017: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2016: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Keywordsマネジメント・コントロール / 信念の異質性 / LENフレームワーク / 楽観性 / 分析的会計研究 / 同質性 / エージェンシー理論 / 会計学
Outline of Final Research Achievements

Beliefs play a crucial role when making decisions. A firm is composed of heterogeneous people. Thus, a manager has to face with various employees with heterogeneous beliefs. If managers and employees have different beliefs about the working environment, employees may not act as intended by their managers. This paper studies how to control an employee who disagrees with a manager about a contracting environment. We introduce the heterogeneity of the players' beliefs about the working environment into the standard single-agent LEN-setting moral hazard model. Our research found that the incentive rate and the manager's expected utility increase with the employee's optimism when the manager and the employee disagree on the working environment. However, if the employee is too optimistic and the manager is too pessimistic, the manager does not offer a contract to the employee.

Report

(3 results)
  • 2017 Annual Research Report   Final Research Report ( PDF )
  • 2016 Annual Research Report
  • Research Products

    (2 results)

All 2017

All Presentation (2 results) (of which Int'l Joint Research: 1 results)

  • [Presentation] Heterogeneous Beliefs and Performance Evaluation System2017

    • Author(s)
      木村太一
    • Organizer
      第73回分析的会計研究会
    • Related Report
      2017 Annual Research Report
  • [Presentation] Government Procurement Contract Design for Encouraging Cost Reduction2017

    • Author(s)
      Taichi Kimura and Takahiro Morimitsu
    • Organizer
      29th Asian--Pacific Conference on International Accounting Issues
    • Related Report
      2017 Annual Research Report
    • Int'l Joint Research

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Published: 2016-09-02   Modified: 2019-03-29  

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