Risky research projects are, other things being equal, intrinsically harder to monitor than those which are less risky. It is shown using agency theory that a standard cost benefit project analysis which ignores the agency problem will introduce a bias towards excessively risky projects.

Risky research projects are, other things being equal, intrinsically harder to monitor than those which are less risky. It is shown, using agency theory that a standard cost benefit analysis which ignores the agency problem will introduce a bias towards excessively risky projects.

The study replicates an Australian configuration study using organisations in New Zealand. The Survey of Organisational Values (SOV) was used to categorise organisations into one of four value types (Elite, Meritocratic, Collegial and Leadership). The Human Resources Practices Survey (HRPS) was...

The claim that the values espoused by senior managers are important for explaining the way actions are organised inside organisations has been made by a number of organisational psychological reserachers. However, empirical reserach committed to investigating such a proposition has to date been...