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management position. However, if non-contractible managerial decision rights give rise to private benefits and preference …
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This paper analyses the relation between authority and incentives. It extends the standard principal-agent model by a project selection stage in which the principal can either delegate the choice of project to the agent or keep the authority. The agent's subsequent choice of effort depends both...
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Are some management practices akin to a technology that can explain company and national productivity, or do they … simply reflect contingent management styles? We collect data on core management practices from over 11,000 firms in 34 … countries. We find large cross-country differences in the adoption of basic management practices, with the US having the highest …
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