Determinants of divisional performance evaluation practices
调查影响企业使用三种绩效指标（部门会计指标、公司会计指标和公司股价）评估部门经理的因素，发现部门会计指标使用随行业市盈率相关性增加而增加，随部门增长机会减少而减少；公司会计指标使用随经理对其他部门的影响增加而增加，随增长机会和其他经理对该部门的影响减少而减少；公司股价使用随相对部门规模和公司股票收益与市场收益的相关性增加而增加。
I investigate factors affecting firms' uses of three types of performance metrics to evaluate division mangers: division accounting metrics, firm accounting metrics and firm stock price. Survey data reveal that division accounting metric use increases with the divisions' industry's price–earnings correlation and decreases with divisional growth opportunities; firm accounting metric use increases with the manager's impact on other divisions and decreases with growth opportunities and other managers' impact on that division; and firm stock price use increases with relative division size and the correlation between firm stock returns and market-wide returns.