English, Article, Journal or magazine article edition: Management Style in Decision Making: Top Down or Bottom Up? Will, Heide C. U.

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Bookmark: http://trove.nla.gov.au/version/49317
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Management Style in Decision Making: Top Down or Bottom Up?
Author
  • Will, Heide C. U.
Physical Description
  • preprint
Notes
  • This paper analyses management style as a governance mechanism in agency relationships when the lack of verifiable information restricts the contracting possibilities. Specifically, it investigates whether decision making should be supplemented by prior verification, and how these tasks should be organized, i.e. whether they should be delegated to an informed expert or not. The optimal organization design is shown to depend nonmonotonically on the divergence of objectives and the efficiency of available information technologies. Moreover, this paper demonstrates how the nature of the expert's technological advantage influences the underlying tradeoffs.
  • governance structure, centralization, delegation
  • RePEc:bon:bonsfa:577
Language
  • English
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