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来源类型Working Paper
规范类型报告
DOI10.3386/w26304
来源IDWorking Paper 26304
The Impacts of Managerial Autonomy on Firm Outcomes
Namrata Kala
发表日期2019-09-23
出版年2019
语种英语
摘要The allocation of decision rights within organizations influences resource allocation, expansion decisions, and ultimately outcomes. Using a newly constructed dataset, I estimate the effects of an earned autonomy program for State Owned Enterprises (SOEs) in India. The program gave managers (the board of directors) of profitable SOEs more autonomy over strategic decisions such as capital expansion and the formation of joint ventures. I find that autonomy allows SOEs to increase their capital stock and form more strategic partnerships which leads to greater sales and profits. I also find that the likelihood that a manager subsequently joins a board of a private firm is greater for managers of those SOEs which were granted autonomy, indicating that career concerns is a consistent explanation for these managerial decisions. Taken together, these results indicate that large gains in SOE performance are possible without privatization (by policies like earned autonomy) and may occur partly through managers' career concerns.
主题Microeconomics ; Households and Firms ; Welfare and Collective Choice ; Behavioral Economics ; Other ; Accounting, Marketing, and Personnel ; Development and Growth ; Innovation and R& ; D ; Country Studies
URLhttps://www.nber.org/papers/w26304
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/583976
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Namrata Kala. The Impacts of Managerial Autonomy on Firm Outcomes. 2019.
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