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The impact of uncertainty and monitoring by the board of directors on incentive system design

Paul Munter (KPMG Peat Marwick Professor of Accounting, Department of Accounting, University of Miami, Florida, USA.)
Leslie Kren (Associate Professor of Accounting, University of Wisconsin, Milwaukee, USA.)

Managerial Auditing Journal

ISSN: 0268-6902

Article publication date: 1 June 1995

1771

Abstract

Executive compensation and incentive packages have received a great deal of attention recently in the professional business literature as well as from the accounting standard setters. Examines the design of compensation systems. Suggests that environmental uncertainty and monitoring by the board of directors are both negatively related to the use of outcomebased compensation systems and that additionally, since this topic has both management accounting as well as financial accounting implications, it may provide a more comprehensive framework for investigating control system designs.

Keywords

Citation

Munter, P. and Kren, L. (1995), "The impact of uncertainty and monitoring by the board of directors on incentive system design", Managerial Auditing Journal, Vol. 10 No. 4, pp. 23-34. https://doi.org/10.1108/02686909510084237

Publisher

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MCB UP Ltd

Copyright © 1995, MCB UP Limited

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