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 of decision-making authority. In our setting, under centralization, headquarters announces a budget, the division manager gives a cost report, and headquarters decides on the...
