Can decentralization of firms be successful in an environment with weak institutions? Decentralization can do a great …-making and enhancing motivation of employees. However, decentralization is associated with a substantial increase in agency risk … real decentralization for firms that decentralize decision-making to competitively hired professionals and cautious …

The paper confronts different aspects of decentralization: fiscal decentralization, postconstitutional regulatory … decentralization, and constitutional decentralization – using a single dataset from Russian Federation of the Yeltsin period as a … politically asymmetric country and a variety of indicators. It finds no robust correlation between different decentralization …