兼松セミナー (Kanematsu Seminar)
日時: (Date&Time) |
2007年5月28日(月)午後3時から (Monday, May 28, 2007, 3:00pm〜) |
報告者: (Speaker) |
伊藤 秀史 (ITOH Hideshi) |
所属: (Affiliation) |
一橋大学大学院商学研究科 (Graduate School of Commerce and Management, Hitotsubashi University) |
論題: (Topic) |
Complementarities among Authority, Responsibility, and Monitoring: Evidence
from Japanese Business Groups 権限・責任・モニタリングの補完性:日本の企業グループによる実証 |
概要: (Abstract) |
This paper offers an empirical test of complementarities among delegated
authority, responsibility, and monitoring, using unique survey data collected
from group-affiliated companies in Japan. The survey provides information
about how various decisions are made within business groups, each of which
consists of a large core parent firm and its network of affiliated firms
such as subsidiaries and related companies. We find some evidence that
delegated authority and responsibility are complementary, implying that
increasing assigned responsibility raises the marginal return from increasing
delegated authority. We also obtain a stronger result that performance
is likely to be higher under the combination of low authority and low responsibility
or that of high authority and high responsibility than under the ``mix
and match'' combinations where one of them is low and the other high.
We then study the effects of monitoring intensity on the authority-responsibility
pair and find that performance of the firm with the combination of high
authority and high responsibility is increasing in monitoring intensity,
while the combination of low authority and low responsibility is not. The
result is consistent with the theoretical hypothesis that increasing monitoring
intensity raises the marginal return from increasing delegated authority
and responsibility. |
会場: (Place) |
神戸大学経済経営研究所 調査室 (兼松記念館1階) Seminar Room at RIEB (Kanematsu Memorial Hall 1st Floor) |
対象: (Intended Audience) |
教員、院生および同等の知識をお持ちの方 Faculty, Graduate Students and People with Equivalent Knowledge |
使用言語: (Language) |
日本語 (Japanese) |
備考: (Note) |
論文のコピーは研究助成室にご用意しております。 |