Steuerung dezentraler Investitionsentscheidungen auf Basis eines modifizierten Residualgewinns

Stefan Dierkes () and Stephanie Hanrath ()
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Stefan Dierkes: Universität Leipzig
Stephanie Hanrath: Martin-Luther-Universität Halle-Wittenberg

Schmalenbach Journal of Business Research, 2002, vol. 54, issue 3, 246-267

Abstract: Summary To control decentralized investment decisions about inelastic projects in case of asymmetric information and diverging interests among headquarters and division management it is recommended to give managers a share in residual income following the relative benefit approach. This article shows, that this performance measure fails in case of depreciation based on production units and is only partly suitable for elastic investment projects with depreciation based on time. The modified residual income, which calculates capital costs based on consumption, represents an alternative with advantages in both cases of depreciation.

Keywords: M41; G31; D82 (search for similar items in EconPapers)
Date: 2002
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DOI: 10.1007/BF03372678

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