in Sweden (clients). We examine drivers of clients' delegation decisions, differences in decision-making quality between … that clients' trust in money managers increases the likelihood of delegating their investment decisions, whereas decision …-making quality is associated with a decrease. We further show that decision-making quality of nance professionals is not …

management position. However, if non-contractible managerial decision rights give rise to private benefits and preference … managerial decision rights and performance-based promotions leads to a situation often referred to as the Peter principle … performance-based promotions and restricting managerial decision rights. …