THE JOURNAL OF ACCOUNTING RESEARCH. SEPTEMBER 2018

相对目标设定与合作

作者:MARTIN HOLZHACKER (Michigan State University)

STEPHAN KRAMER (Erasmus University Rotterdam)

MICHAL MAT?JKA (Arizona State University)

NICK HOFFMEISTER (Independent)

摘要：关于相对绩效评估的大量工作突出了在合同中使用有关同伴绩效信息的好处。相反，阻止同伴之间合作的潜在成本受到的关注较少。本研究的目的是研究合作的重要性如何影响目标设定中同伴绩效信息的使用，也称为相对目标设定。具体而言，我们使用来自工业服务公司的数据，业务部门经理需要与同伴共享专业设备和员工，以管理其能力瓶颈。我们为同伴绩效信息的成本和收益构建了几个实证代理变量，并检验了它们对目标设定的影响。我们发现有力的证据表明，当同伴群体的表现具有更大的过滤掉噪音的能力时，目标修订对过去同伴表现的敏感度会更高；但当同伴之间的合作重要性更高时，目标修订对过去同伴表现的敏感度则会降低。

关键词：相对绩效评估；目标设定；激励机制；合作

Relative Target Setting and Cooperation

MARTIN HOLZHACKER(Michigan State University), STEPHAN KRAMER(Erasmus University Rotterdam), MICHAL MAT?JKA(Arizona State University), NICK HOFFMEISTER(Independent)

ABSTRACT

A large stream of work on relative performance evaluation highlights the benefits of using information about peer performance in contracting. In contrast, the potential costs of discouraging cooperation among peers have received much less attention. The purpose of our study is to examine how the importance of cooperation affects the use of information about peer performance in target setting, also known as relative target setting. Specifically, we use data from an industrial services company where business unit managers need to share specialized equipment and staff with their peers to manage bottlenecks in their capacity. We construct several empirical proxies for the costs and benefits of information about peer performance and examine their effects on target setting. We find robust evidence that the sensitivity of target revisions to past peer performance is higher when peer group performance has greater capacity to filter out noise but lower when the importance of cooperation among peers is greater.

Keywords: Relative performance evaluation, Target setting, Incentives, Cooperation.

原文链接：https://onlinelibrary.wiley.com/doi/pdf/10.1111/1475-679X.12244

翻译：王霄霄