Economics of Accounting

- Foreword to Volume I

- Preface to Volume I

- Preface to Volume II

- Introduction to Performance Evaluation

- Optimal Contracts

- Ex Post Performance Measures

- Linear Contracts

- Multiple Tasks and Multiple Performance Measures

- Stock Prices and Accounting Numbers as Performance Measures

- Post-contract, Pre-decision Information

- Pre-contract Information

- Uninformed Principal Moves First

- Intra-period Contract Renegotiation

- Multi-period Contracts with Full Commitment and Independent Periods

- Timing and Correlation of Reports in a Multi-period LEN Model

- Full Commitment Contacts with Interdependent Periods

- Inter-period Contract Renegotiation

- Contracting with Multiple Productive Agents

- Contracting with a Productive Agent and a Monitor

- References

- Author Index

- Subject Index.

Peter Christensen holds a Master's Degree in Mathematical Economics from Aarhus University, 1983, and a Doctor's Degree in Economics from Odense University, 1990. He has taught finance and accounting at Odense University (later University of Southern Denmark) since 1983, and he became a Professor of Management in 1991. He has published widely in Danish and leading international journals of accounting and finance. As part of his Ph.D. studies at Odense University he was a visiting Ph.D. student at the University of British Columbia in 1985-1986. This visit initiated his long-time research collaboration with Jerry Feltham, which is the basis for their two recent books: Economics of Accounting: Volume I - Information in Markets and Volume II - Performance Evaluation published currently by Springer.

Gerald (Jerry) A. Feltham became a Chartered Accountant in 1960, received his Bachelor of Commerce from the University of Saskatchewan, Canada, in 1961 and his Ph.D. in Accounting and Management Science from the University of California, Berkeley, in 1967. He taught at the University of Alberta from 1961 to 1963 before he did his Ph.D., and then taught at Stanford University from 1967 to 1971. In 1971 he became an Associate Professor at the University of British Columbia, where he became an Emeritus Professor in 2004. Jerry was an early leader in the application of information economic research to accounting. His dissertation was published by the American Accounting Association (AAA) in 1972 under the title Information Evaluation. A paper from his dissertation won the 1968 AAA Competitive Manuscript Award and his dissertation won the 1967 McKinsey Foundation Post-Doctoral Fellowship Award (for the best dissertation in the field of management in North America). Throughout his career Jerry has received many awards for his research and teaching of graduate students. These include AAA awards for a Notable Contribution to Accounting Literature, a Seminal Contribution to