{"id":"https://openalex.org/W4386609204","doi":"https://doi.org/10.2308/jmar-2021-029","title":"Optimal Dynamic Relative Performance Evaluation","display_name":"Optimal Dynamic Relative Performance Evaluation","publication_year":2017,"publication_date":"2017-01-01","ids":{"openalex":"https://openalex.org/W4386609204","doi":"https://doi.org/10.2308/jmar-2021-029"},"language":"en","primary_location":{"id":"doi:10.2308/jmar-2021-029","doi":"https://doi.org/10.2308/jmar-2021-029","is_oa":false,"landing_page_url":"https://doi.org/10.2308/jmar-2021-029","pdf_url":null,"source":{"id":"https://openalex.org/S16069442","display_name":"Journal of Management Accounting Research","issn_l":"1049-2127","issn":["1049-2127","1558-8033"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310316290","host_organization_name":"American Accounting Association","host_organization_lineage":["https://openalex.org/P4310316290"],"host_organization_lineage_names":["American Accounting Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management Accounting Research","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.2972313","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5059463009","display_name":"Thomas Hemmer","orcid":"https://orcid.org/0000-0001-5302-1671","observed_orcids":["https://orcid.org/0000-0001-5302-1671"]},"institutions":[{"id":"https://openalex.org/I74775410","display_name":"Rice University","ror":"https://ror.org/008zs3103","country_code":"US","type":"education","lineage":["https://openalex.org/I74775410"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Thomas Hemmer","raw_affiliation_strings":["Rice University - Jesse H. Jones Graduate School of Business, 6100 South Main Street, P.O. Box 1892, Houston, TX 77005-1892, United States","Rice University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Rice University - Jesse H. Jones Graduate School of Business, 6100 South Main Street, P.O. Box 1892, Houston, TX 77005-1892, United States","institution_ids":["https://openalex.org/I74775410"]},{"raw_affiliation_string":"Rice University","institution_ids":["https://openalex.org/I74775410"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5059463009"],"corresponding_institution_ids":["https://openalex.org/I74775410"],"apc_list":null,"apc_paid":null,"fwci":3.755,"has_fulltext":false,"cited_by_count":9,"citation_normalized_percentile":{"value":0.94080205,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":96},"biblio":{"volume":"36","issue":"1","first_page":"157","last_page":"171"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10797","display_name":"Accounting and Organizational Management","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10797","display_name":"Accounting and Organizational Management","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.0017000000225380063,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.00139999995008111,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/relative-performance-evaluation","display_name":"relative performance evaluation","score":0.9800000190734863},{"id":"https://openalex.org/keywords/peer-performance","display_name":"peer performance","score":0.7450000047683716},{"id":"https://openalex.org/keywords/dynamic-contracts","display_name":"dynamic contracting","score":0.4099999964237213},{"id":"https://openalex.org/keywords/optimal-contracts","display_name":"optimal contracts","score":0.6650000214576721},{"id":"https://openalex.org/keywords/compensation-agreements","display_name":"compensation contracts","score":0.3790000081062317},{"id":"https://openalex.org/keywords/agency-theory","display_name":"agency theory","score":0.6019999980926514}],"concepts":[{"id":"https://openalex.org/C196083921","wikidata":"https://www.wikidata.org/wiki/Q7915758","display_name":"Variance (accounting)","level":2,"score":0.6081173419952393},{"id":"https://openalex.org/C178650346","wikidata":"https://www.wikidata.org/wiki/Q201984","display_name":"Covariance","level":2,"score":0.5969181060791016},{"id":"https://openalex.org/C185142706","wikidata":"https://www.wikidata.org/wiki/Q1134404","display_name":"Covariance matrix","level":2,"score":0.529583215713501},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5167438387870789},{"id":"https://openalex.org/C2780092901","wikidata":"https://www.wikidata.org/wiki/Q3433612","display_name":"Correlation coefficient","level":2,"score":0.45119142532348633},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.44280096888542175},{"id":"https://openalex.org/C2780023022","wikidata":"https://www.wikidata.org/wiki/Q1338171","display_name":"Compensation (psychology)","level":2,"score":0.44065824151039124},{"id":"https://openalex.org/C117220453","wikidata":"https://www.wikidata.org/wiki/Q5172842","display_name":"Correlation","level":2,"score":0.4211300313472748},{"id":"https://openalex.org/C17648541","wikidata":"https://www.wikidata.org/wiki/Q2265984","display_name":"Efficiency","level":3,"score":0.4111565947532654},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3601309657096863},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.2980843484401703},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2734830975532532},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.10056781768798828},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.07582259178161621},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.0},{"id":"https://openalex.org/C185429906","wikidata":"https://www.wikidata.org/wiki/Q1130160","display_name":"Estimator","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.2308/jmar-2021-029","doi":"https://doi.org/10.2308/jmar-2021-029","is_oa":false,"landing_page_url":"https://doi.org/10.2308/jmar-2021-029","pdf_url":null,"source":{"id":"https://openalex.org/S16069442","display_name":"Journal of Management Accounting Research","issn_l":"1049-2127","issn":["1049-2127","1558-8033"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310316290","host_organization_name":"American Accounting Association","host_organization_lineage":["https://openalex.org/P4310316290"],"host_organization_lineage_names":["American Accounting Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management Accounting Research","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.2972313","doi":"https://doi.org/10.2139/ssrn.2972313","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2972313","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.2972313","doi":"https://doi.org/10.2139/ssrn.2972313","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2972313","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"SSRN Electronic Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":30,"referenced_works":["https://openalex.org/W313770687","https://openalex.org/W1485535210","https://openalex.org/W1524369538","https://openalex.org/W1542323922","https://openalex.org/W1586449557","https://openalex.org/W1983044690","https://openalex.org/W1987920248","https://openalex.org/W1992523575","https://openalex.org/W2001862190","https://openalex.org/W2007094459","https://openalex.org/W2062519599","https://openalex.org/W2106580408","https://openalex.org/W2113909744","https://openalex.org/W2128612194","https://openalex.org/W2155364760","https://openalex.org/W2166379575","https://openalex.org/W2737440071","https://openalex.org/W2785332582","https://openalex.org/W2892275069","https://openalex.org/W3121221731","https://openalex.org/W3121454242","https://openalex.org/W3121591358","https://openalex.org/W3122069283","https://openalex.org/W3122717772","https://openalex.org/W3123465729","https://openalex.org/W3124071598","https://openalex.org/W3124349706","https://openalex.org/W3124355031","https://openalex.org/W3124961863","https://openalex.org/W3144320677"],"related_works":["https://openalex.org/W2182730791","https://openalex.org/W7099722467","https://openalex.org/W2049336003","https://openalex.org/W3126059160","https://openalex.org/W2166379575","https://openalex.org/W2615800276","https://openalex.org/W7095932668","https://openalex.org/W3124402594","https://openalex.org/W220112867","https://openalex.org/W2583315252"],"abstract_inverted_index":{"ABSTRACT":[0],"The":[1],"theoretical":[2],"prediction":[3,24],"of":[4,15,37,47,55,64,125],"a":[5,29,85],"negative":[6],"coefficient":[7,143],"on":[8,19,73,78,144],"positively":[9],"correlated":[10],"peer":[11,86,110,145],"performance":[12,21,39,76,111,146],"underlies":[13],"much":[14],"the":[16,34,48,52,62,98,102,123,126,137,141],"empirical":[17,127],"literature":[18],"relative":[20,83],"evaluation.":[22],"This":[23],"is":[25,41,100,105,147],"commonly":[26],"obtained":[27],"from":[28],"single":[30],"period":[31],"model":[32,138],"where":[33],"variance\u2013covariance":[35],"matrix":[36],"available":[38],"measures":[40],"exogenously":[42],"restricted":[43],"to":[44,84],"be":[45],"independent":[46],"evaluee\u2019s":[49],"action.":[50],"Using":[51],"dynamic":[53],"approach":[54],"Holmstr\u00f6m":[56],"and":[57,77,109,119,132],"Milgrom":[58],"(1987),":[59],"I":[60,94],"study":[61],"properties":[63],"contracts":[65],"that":[66,96,140],"optimally":[67],"condition":[68],"an":[69],"agent\u2019s":[70],"compensation":[71],"both":[72],"his":[74],"own":[75,108],"how":[79],"well":[80,113],"he":[81],"fares":[82],"(group)":[87],"when":[88],"these":[89],"restrictions":[90],"are":[91],"not":[92],"imposed.":[93],"show":[95],"if":[97],"covariance":[99],"nonzero,":[101],"optimal":[103],"contract":[104],"linear":[106],"in":[107,115,120,129],"as":[112,114],"their":[116],"correlation.":[117],"Significantly,":[118],"line":[121],"with":[122],"preponderance":[124],"evidence,":[128],"its":[130],"simplest":[131],"perhaps":[133],"most":[134],"reasonable":[135],"form,":[136],"predicts":[139],"expected":[142],"exactly":[148],"zero.":[149]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2023-09-12T00:00:00"}
