Discussion of "Contracting theory and accounting"

Robert P. Magee*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

6 Scopus citations


Professor Lambert provides a very useful synthesis of the major issues in managerial accounting and the insights that agency theory has provided on those issues. In this discussion, I highlight some of the limitations of these models in examining accounting measurement questions. Lambert calls for additional work in multiperiod contracting models, and I discuss some of the modeling choices that must be made in such work. Finally, I present some thoughts on the relation between contract models and empirical research.

Original languageEnglish (US)
Pages (from-to)89-96
Number of pages8
JournalJournal of Accounting and Economics
Issue number1-3
StatePublished - Dec 1 2001


  • Agency theory
  • Contracting
  • D82
  • L14
  • M41
  • Managerial accounting

ASJC Scopus subject areas

  • Accounting
  • Finance
  • Economics and Econometrics

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