This study examines control in a teamwork setting, experimentally investigating two financial incentive systems that have been proposed in the agency theory-based analytic literature. Both systems rely on mutual monitoring, the ability of team members to observe each other's actions. However,...

Because of conflicting incentives among participants, inter-firm (e.g., strategic alliances and joint ventures) and intra-firm (e.g., work teams) collaborations present a significant control challenge to managerial accountants. On the one hand, formal controls such as sanctioning and monitoring...