Agency Theory Revisited: CEO Return and Shareholder Interest Alignment
| Autor: | Mason A. Carpenter, Ingrid Smithey Fulmer, Anthony J. Nyberg, Barry Gerhart |
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| Přispěvatelé: | Nyberg, Anthony J, Fulmer, Ingrid Smithey, Gerhart, Barry, Carpenter, Mason A |
| Rok vydání: | 2010 |
| Předmět: |
Executive compensation
Conceptualization Strategy and Management Compensation (psychology) Principal–agent problem Equity (finance) Stock options ComputingMilieux_LEGALASPECTSOFCOMPUTING General Business Management and Accounting Microeconomics Shareholder Organizational behavior Management of Technology and Innovation shareholder returns agency theory Business Business and International Management CEO returns |
| Zdroj: | Academy of Management Journal. 53:1029-1049 |
| ISSN: | 1948-0989 0001-4273 |
| DOI: | 10.5465/amj.2010.54533188 |
| Popis: | Extending the differentiation-integration view of organizational design to teams, I propose that self-managing teams engaged in knowledge-intensive work can perform more effectively by combining autonomy and external knowledge to capture the benefits of each while offsetting their risks. The complementarity between having autonomy and using external knowledge is contingent, however, on characteristics of the knowledge and the task involved. To test the hypotheses, I examined the strategic and operational effectiveness of 96 teams in a large multinational organization. Findings provide support for the theoretical model and offer implications for research on team ambidexterity and multinational management as well as team effectiveness. Refereed/Peer-reviewed |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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