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。
Copies of the paper are available at Research Assistant Room.