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	<title>social accounting &#8211; Top4 &#8211; Google News | SMBs Local Businesses, Franchise</title>
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		<title>Australia&#8217;s New Social Accounting Tool</title>
		<link>https://insights.top4.com.au/2016/12/21/australia-new-social-accounting-tool/</link>
		
		<dc:creator><![CDATA[Michael Doyle]]></dc:creator>
		<pubDate>Wed, 21 Dec 2016 02:09:28 +0000</pubDate>
				<category><![CDATA[Accounting Services]]></category>
		<category><![CDATA[social accounting]]></category>
		<guid isPermaLink="false">http://insights.top4.com.au/?p=2066</guid>

					<description><![CDATA[<p><img width="958" height="711" src="https://insights.top4.com.au/wp-content/uploads/2016/12/social-accounting.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://insights.top4.com.au/wp-content/uploads/2016/12/social-accounting.jpg 958w, https://insights.top4.com.au/wp-content/uploads/2016/12/social-accounting-300x223.jpg 300w, https://insights.top4.com.au/wp-content/uploads/2016/12/social-accounting-768x570.jpg 768w" sizes="(max-width: 958px) 100vw, 958px" /></p>In 2016 Nobel Prize in Economics winner Bengt Holmström&#8217;s most famous paper &#8220;Moral Hazard and Observability&#8221;, he concluded that observation of outcomes alone, without studying the efforts and inputs required to achieve them, hinders efficiency and leads to less than optimum results. While these studies initially focused on workplaces, the conclusions are now being extended [&#8230;]]]></description>
		
		
		
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