Increased financial disclosure standards on such issues as executive compensation should provide more useful information for investors, policy makers, and regulators. But do the companies themselves benefit? What researchers are now discovering is that increasing levels of mandatory disclosure have unforeseen consequences on executive performance and may work against the interests of employers.
Romana Autrey, an assistant professor at Harvard Business School, recently completed two working papers on this subject in collaboration with colleagues from the University of Texas at Austin. Her other research examines the design of performance measurement systems and incentive contracts for rewarding teams and channel partners.
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