| Managerial Discretion and Performance in China: Towards Resolving the Discretion Puzzle for Chinese Companies and Multinationals 2013 Edition Contributor(s): Wülferth, Hagen (Author) |
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ISBN: 3642426808 ISBN-13: 9783642426803 Publisher: Physica-Verlag OUR PRICE: $161.49 Product Type: Paperback - Other Formats Published: May 2015 |
| Additional Information |
| BISAC Categories: - Business & Economics | Management - General - Business & Economics | Strategic Planning - Business & Economics | Human Resources & Personnel Management |
| Dewey: 381 |
| Series: Contributions to Management Science |
| Physical Information: 1.14" H x 6.14" W x 9.21" (1.71 lbs) 534 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: The theoretical and empirical literature to date has fallen short of reaching a consensus as to whether granting more managerial discretion to managers tends to enhance, not alter or diminish organizational performance (the discretion puzzle). This book aims to build a bridge between these contradictory results by synthesising principal-agent theory, stewardship theory, and managerial discretion theory into a new empirically-validated model. Using a representative sample of 'double-blind' interviews with managers of 467 firms in China and applying partial least squares path modelling (PLS), the study identifies a potential cause of the discretion puzzle: the failure of the extant literature to account for granularity in the way that managers use their discretion. This generates far-reaching implications for theoretical and empirical research as well as practical recommendations for managing managers in multinationals and Chinese companies. |
