Disclosure Costs of Relative Performance Evaluation

The authors thank Ranjani Krishnan (editor), an anonymous associate editor, two anonymous referees, Jonathan Bonham, Mary Ellen Carter, Peter Demerjian, Tim Gray, Mirko Heinle, Michael Majerczyk (discussant), Frank Moers, Alexander Nezlobin, Paige Patrick, and Patrick Vorst for helpful comments; seminar participants at the Executive Compensation and Corporate Governance Research Series, the Journal of Management Accounting Research online brownbag program and University of Munich and conference participants at the 2021 Management Accounting Section Midyear Meeting, the 2021 and 2022 Annual Meeting of the American Accounting Association, and the 13th Conference on New Directions in Management Accounting for valuable comments; and our respective schools for generous support.