decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly … available information. However, the manager can use her informational advantage to make choices that are not in the best … interest of the principal. As the available public information about the specific technology increases, the trade-off shifts in …

decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly … available information. Decentralized control, on the other hand, delegates authority to a manager with superior information …. As the available public information about the specific technology increases, the trade-off shifts in favor of …

decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly … available information. However, the manager can use her informational advantage to make choices that are not in the best … interest of the principal. As the available public information about the specific technology increases, the trade-off shifts in …