We present a model of delegation with moral hazard. A principal delegates a decision to an agent, who affects the distribution of the state of the world by exerting costly and unobservable effort. The principal faces a trade-off between (i) granting the agent discretion, so he can adapt the...

This study aims at investigating the effect of transformational leadership and shared leadership on dimensions of team effectiveness and the mediating role of teamwork orientation. The data were collected from members of working teams in companies of different fields in Vietnam. The results show...

Opportunistic politicians maximize the probability of reelection and rents from office holding. Can it be optimal from their point of view to delegate policy choices to independent bureaucracies? The answer is yes: politicians will delegate some policy tasks, though in general not those that...

Prior studies suggest that, to be effective, results-based control systems need to ensure managers’ goal commitment. Based on survey responses from 320 managers, we find that managers’ participation in goal setting and performance feedback are both positively asso¬ciated with goal...

This study examines the impact of firm-level managerial delegation on aggregate economy. First, managerial delegation demands skilled labor and hence affects the labor market. Second, managerial delegation also affects the product market by improving production efficiency. Managerial delegation...

Problem definition: We study how a firm should design its compensation plan to include both the sales performance and the operational performance (i.e., the supply/demand mismatch), for its sales division, who not only exerts unobservable demand-enhancement efforts but also makes the inventory...

The concept of sovereignty shapes our understanding of the world. Yet our current understanding of sovereignty does not explain when states pull out of supranational organizations, why shared sovereignty agreements frequently fail, or why young democracies have a tendency to backslide. These...

This paper aims to demonstrate whether budgetary participation, budgetary slack, authority delegation and organizational commitment positively affect managerial performance of local government work unit. This empirical study is conducted with local government work unit in district/city in...

This study aimed to determine and analyze the influence of organizational culture and motivation on employee performance, especially employees of PT. Pontianak Harbor. The unit of analysis in this study is the employees of PT. Pontianak Port as many as 92 employees with a purposive sampling...