Arnold, Markus C.; Gillenkirch, Robert M. - In: BuR - Business Research 4 (2011) 1, pp. 10-30
In an experiment, we model two stylized facts about capital budgeting practice, budgetary slack creation and delegation … gives a cost report, and headquarters decides on the project. Under delegation, headquarters allocates a budget to the … a budget moderates the effect of delegation, and we find evidence in favor of our argument as there is an interaction …
