Information Acquisition and Opportunistic Behavior in Managerial Reporting


  • Accepted by Alan Webb. We gratefully acknowledge the helpful comments on earlier versions of this paper that were provided by Alan Webb, two anonymous reviewers, Jake Birnberg, Margaret Christ, Xuegang Cui, Harry Evans, Vicky Hoffman, Jim Hunton, Laureen Maines, Frank Moers, Don Moser, Pam Murphy, Steve Salterio, and workshop participants at Georgia State University, Maastricht University, McMaster University, University of Pittsburgh, the New England Behavioral Accounting Research Series, the AAA annual conference, the MAS section annual conference, and the seventh international symposium on management accounting. We thank Seth Pratt for writing the computer program and acknowledge the financial support of the Georgia Research Alliance, the Scheller College of Business at Georgia Institute of Technology, and the Robinson College of Business at Georgia State University.