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On the Notion of Responsibility in Organizations
Sliwka, Dirk - 2004
We derive a natural definition of responsibility in a formal model where employees care for their career prospects: A superior holds a subordinate responsible for a task, when she announces her beliefs that this subordinate contributes most to this task. We show, that those announced beliefs...
Persistent link: https://www.econbiz.de/10010262163
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Control Aversion in Hierarchies
De Chiara, Alessandro; Engl, Florian; Herz, Holger; … - 2022
Companies typically control various aspects of their workers' behaviors. In this paper, we investigate whether the hierarchical distance of the superior who imposes such control measures matters for the workers' ensuing reaction. In particular, we test, in a laboratory experiment, whether...
Persistent link: https://www.econbiz.de/10013353391
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Product-Market Competition and Managerial Autonomy
Ruzzier, Christian A. - Harvard Business School, Harvard University - 2009
It is often argued that competition forces managers to make better choices, thus favoring managerial autonomy in decision making. I formalize and challenge this idea. Suppose that managers care about keeping their position or avoiding interference, and that they can make strategic choices that...
Persistent link: https://www.econbiz.de/10005818697
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Control aversion in hierarchies
De Chiara, Alessandro; Engl, Florian; Herz, Holger; … - 2022
Companies typically control various aspects of their workers' behaviors. In this paper, we investigate whether the hierarchical distance of the superior who imposes such control measures matters for the workers' ensuing reaction. In particular, we test, in a laboratory experiment, whether...
Persistent link: https://www.econbiz.de/10013255629
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Delegating recruitment under asymmetric information
Sengupta, Sarbajit - 2002
relates to the candidates type . Delegation is then superior to direct (owner) recruitment and offering tenure or guaranteed …
Persistent link: https://www.econbiz.de/10011514022
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On the Notion of Responsibility in Organizations
Sliwka, Dirk - 2021
We derive a natural definition of responsibility in a formal model where employees care for their career prospects: A superior holds a subordinate responsible for a task, when she announces her beliefs that this subordinate contributes most to this task. We show, that those announced beliefs...
Persistent link: https://www.econbiz.de/10013318853
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On the nature of the corrupt firm: Where to situate liability?
Seubert, Raphaela - 2005
Applying the modern Property Rights Approach to depict employment and firm-internal delegation relationships, this … interaction effects between firm-internal delegation relationships, the possibly devilish side function of formal corporate ethics …
Persistent link: https://www.econbiz.de/10010307885
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On the nature of the corrupt firm: Where to situate liability?
Seubert, Raphaela - Fakultät für Wirtschaftswissenschaften, Universität … - 2005
Applying the modern Property Rights Approach to depict employment and firm-internal delegation relationships, this … interaction effects between firm-internal delegation relationships, the possibly devilish side function of formal corporate ethics …
Persistent link: https://www.econbiz.de/10009646643
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Delegation of Authority as an Optimal (In)complete Contract
Roider, Andreas - 2004
conditions under which simple delegation of authority is the solution to the complete-contracting problem of the parties. We … consider a hold-up framework where both parties profit from an investment that raises the value of an asset. Delegation turns …) decisions have no investment-independent effect. If overinvestment might be an issue, delegation, however, with restricted …
Persistent link: https://www.econbiz.de/10010262045
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Relational Delegation
Alonso, Ricardo; Matouschek, Niko - 2005
We explore the optimal delegation of decision rights by a principal to a better informed but biased agent. In an … world. We characterize the optimal delegation schemes for all discount rates and show that they resemble organizational … arrangements that are commonly observed, including centralization and threshold delegation. For small biases threshold delegation …
Persistent link: https://www.econbiz.de/10010262184