Can decentralization of firms be successful in an environment with weak institutions? Decentralization can do a great …-making and enhancing motivation of employees. However, decentralization is associated with a substantial increase in agency risk … real decentralization for firms that decentralize decision-making to competitively hired professionals and cautious …

-transfers, which distorts the central-local distribution of resources. Applying the model to fiscal decentralization, we find when … decentralization widens local governments' fiscal gap, borrowings by both local and central governments rise. Quantitatively, fiscal … decentralization accounts for from 19 percent to 40 percent of changes in general government debt in Spain during 1988-2006. A …

Present work is an attempt to explore intersperse of fiscal decentralization and public investment in Pakistan. The … struggling to adopt the decentralization process like Pakistan. Finally, the study suggested that a clear mandate of fiscal … responsibilities at central and provincial level is also needed to improve the benefits of fiscal decentralization in Pakistan. …

This paper assesses how decentralization can contribute, if proper political and fiscal institutions are present, to … improving service delivery in Asia. In other words, decentralization is an opportunity and a challenge at the same time. The … issues leading to "partial decentralization" that is common to most models. Consideration is also given to the emerging …