Template-Type:ReDIF-Paper 1.0  
Title: Management Style in Decision Making: 
     Top Down or Bottom Up?
Author-Name: Will, Heide C. U. 
Classification-JEL: D23, D8
Keywords: governance structure, centralization, delegation
Abstract: This paper analyses management style as a governance mechanism in agency 
	relationships when the lack of verifiable information restricts the contracting 
	possibilities. Specifically, it investigates whether decision making should 
	be supplemented by prior verification, and how these tasks should be organized, 
	i.e. whether they should be delegated to an informed expert or not. The 
	optimal organization design is shown to depend nonmonotonically on the 
	divergence of objectives and the efficiency of available information technologies. 
	Moreover, this paper demonstrates how the nature of the expert's technological 
	advantage influences the underlying tradeoffs.
Length: pages
Creation-Date: 1998-07
Revision-Date: 
Handle: RePEc:bon:bonsfa:577
File-URL: http://www.wiwi.uni-bonn.de/bgsepapers/bonsfa/bonsfa577.pdf
File-Format: application/pdf