Top management faces two key organizational design choices: (1) how much authority to delegate to lower-level managers … model of these two choices indicates that high-growth, volatile, and innovative banks delegate more authority to branch … managers. In turn, branch managers with more authority receive more incentive-based pay. However, in contrast with principal …

based on authority rights and minimizing costs for implementing high efforts. Concentrated delegation and hierarchical … cross-authority delegation is the optimal form of full delegation. If, however, the division heads are more efficient than …

based on authority rights and minimizing costs for implementing high efforts. The analysis includes the owner of a firm, a … delegation of authority to them to replace their high incentive pay by incentives based on private benefits of control. In that …, but concentrated delegation of full authority to a single division head is optimal for cooperation being crucial. If …

This paper offers a rationale for limiting the delegation of (real) authority, which neither relies on insurance …

policy. We build on these results to address issues related to authority in organizations. …

firms that are consistent with stylized facts from the recent empirical literature. -- multinational firms ; outsourcing …

appointed before the agent has chosen his action. We also show that delegation of payroll authority is suboptimal. Finally, some …