Managerial Discretion and Performance in China : Towards Resolving the Discretion Puzzle for Chinese Companies and Multinationals
2013 ed.
Book Details
Format
Hardback or Cased Book
Book Series
Contributions to Management Science
ISBN-10
3642358365
ISBN-13
9783642358364
Edition
2013 ed.
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint
Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Country of Manufacture
DE
Country of Publication
GB
Publication Date
May 1st, 2013
Print length
534 Pages
Weight
974 grams
Dimensions
24.30 x 16.20 x 3.60 cms
Ksh 23,400.00
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?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).
?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.
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