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Delegation of Decisions on the Spanish Shop Floor : From Agency Theory to a Transactional and Organizational Approach (in Spanish)

Diéguez, Isabel; Vázquez, Xosé H. - 2009

The paper addresses the problem of the allocation of decision rights on the shop floor. We try to solve particular limitations of Agency Theory by presenting a complementary approach based on Organization Theory and Transaction Cost Economics. Empirical evidence stems from two industries with...

Persistent link: https://www.econbiz.de/10014204480

Allocating Decision Rights on the Shop Floor : A Perspective from Transaction Cost Economics and Organization Theory

Vázquez, Xosé H. - 2009

This paper explores the links that the allocation of decision rights on the shop floor maintains with labor transaction attributes and several structural traits of the firm. The approach is based on the transaction cost apparatus and harnesses the theoretical and empirical background provided by...

Persistent link: https://www.econbiz.de/10014204549

Family or Nonfamily? CEO Appointment in a Multitask Model with Economic and Non-Economic Tasks

Kragl, Jenny - 2019

Prior economic research is very critical about family CEOs and family management. Nepotism, altruism, lower managerial abilities, and a small pool of qualified family candidates are cited as reasons that speak against family management. Still, the empirical reality is different. A surprisingly...

Persistent link: https://www.econbiz.de/10012895440

Overconfidence and managers' responsibility hoarding

Nieken, Petra; Sadrieh, Abdolkarim; Zhou, Nannan - 2011

Overconfidence is a well-established behavioral phenomenon that involves an overestimation of own capabilities. We introduce a model, in which managers and agents exert effort in a joint production, after the manager decides on the allocation of the tasks. A rational manager tends to delegate...

Persistent link: https://www.econbiz.de/10009571367

Referral-Based Hiring under Misaligned Financial Incentives

Hung, Chung-Yu - 2020

We investigate whether referral-based hiring exacerbates or mitigates control problems. Incentive contracts can be used to attract employees with certain traits. However, whether the outcomes are positive for the firm or not depends on the quality of incentive contracts. Our research setting...

Persistent link: https://www.econbiz.de/10012839109

The effect of age diversity in groups on peer evaluations and individual performance

Görlitz, Katja; Sels, Tim - 2021

This study analyzes how individuals evaluate their peers' performance in a high stakes tournament in response to being randomly assigned to an age homogenous or heterogeneous group using data from two TV shows. The data also allows us to explore superior evaluations because it contains objective...

Persistent link: https://www.econbiz.de/10012792604

The Pygmalion Effect : An Agency Model with Reference Dependent Preferences

Daido, Kohei; Itō, Hideshi - 2021

We attempt to formulate and explain two types of self- fulfilling prophecy, called the Pygmalion effect (if a supervisor thinks her subordinates will succeed, they are more likely to succeed) and the Galatea effect (if a person thinks he will succeed, he is more likely to succeed). To this...

Persistent link: https://www.econbiz.de/10013318687

Imagine There are No Leaders : Reframing Leadership As Collective Agency

Raelin, Joseph A. - 2016

Fearing that our over-reliance on an individual, heroic model of leadership will only continue to dampen the energy and creativity of people in our organizations and communities, this essay proposes a practice perspective of leadership based on a collaborative agency mobilized through engaged...

Persistent link: https://www.econbiz.de/10014127529

Agency Costs and Firm Productivity

Bianchi, Milo - 2019

We explore how the separation between ownership and control affects firm productivity. Using Finnish administrative … data on the universe of limited liability firms, we document a substantial increase in firm productivity when the CEO …

Persistent link: https://www.econbiz.de/10012859849

Productivity Improvements in Public Organizations

Gersbach, Hans; Keil, Marten - 2004

In this paper we examine the possibilities a principal in a public organization has to motivate agents for productivity … budgets and tasks across agents depending on the extent of productivity improvements revealed by each agent. We first show … schemes assigning tasks to agents who do not participate in the productivity improvement exercise …

Persistent link: https://www.econbiz.de/10014034602