Hofmann, Christian; Indjejikian, Raffi J. - In: Journal of Accounting Research 62 (2023) 1, pp. 411-445
We use an agency model to address the benefits and costs of transparency in a hierarchical organization in which the principal employs a manager entrusted with contracting authority and several workers, all under conditions of moral hazard. We define the principal's transparency choices as a...
