Itoh, Hideshi; Kikutani, Tatsuya; Hayashida, Osamu - In: Journal of the Japanese and International Economies 22 (2008) 2, pp. 207-228
This paper offers an empirical test of complementarities among delegated authority, accountability, and monitoring, using unique survey data collected from group-affiliated companies in Japan. The survey provides information about how various decisions are made within business groups, each of...