DEMSKI, JOEL S.; FRIMOR, HANS; SAPPINGTON, DAVID E. M. - In: Journal of Accounting Research 42 (2004) 1, pp. 31-49
We analyze the optimal behavior of an organization when its employees can manipulate the organization's accounting system to their private advantage. We find that the organization may benefit by helping its employees manipulate the system. This help can reduce the employees' private returns from...
