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An integrative view on managerial discretion: a study of a Russian firm in transition
Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics. (Corporate Governance Research Group)
Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics. Kristianstad University, Sweden. (Corporate Governance Research Group)
2015 (English)In: Journal for East European Management Studies, ISSN 0949-6181, Vol. 20, no 1, 36-67 p.Article in journal (Refereed) Published
Abstract [en]

What are the forces that influence strategic managerial decisions in the context of economic transition? In this paper, we analyse how strategic and governance forces influence the degree of discretion perceived by managers operating in the context of the transition economy of Russia. An exploratory case study provides insights about the managerial decision-making process in a transition economy through the exploration of context-specific factors that shape the perceived degree of managerial discretion. The findings of the paper redefine the concept, indicating the existence of a relationship between strategic and governance forces and their joint influence on managerial discretion. Our results provide a number of practical and theoretical implications for the managerial decisionmaking process in Eastern Europe.

Abstract [de]

Welche Kräfte beeinflussen strategische Managemententscheidungen im Kontext wirtschaftlicher Übergangsprozesse? In diesem Artikel analysieren wir den Einfluss strategischer und steuernder Kräfte auf den Ermessenspielraum, der von den Managern, die im Rahmen der russischen Transformationswirtschaft operieren, wahrgenommen wird. Eine explorative Fallstudie liefert Erkenntnisse über den Führungsentscheidungsprozess in einer Transformationswirtschaft, indem kontextspezifischen Faktoren, die den wahrgenommenen Grad des Führungseinflusses gestalten, untersucht werden. Durch die Ergebnisse des Artikels wird das Konzept neu definiert, indem die Existenz eines Zusammenhangs zwischen strategischen und steuernden Kräften und deren gemeinsamen Effekt auf den Führungseinfluss aufgezeigt werden. Unsere Ergebnisse liefern eine Reihe praktischer und theoretischer Implikationen für den Führungsentscheidungsprozess in Osteuropa.

Place, publisher, year, edition, pages
Rainer Hampp Verlag, 2015. Vol. 20, no 1, 36-67 p.
National Category
Business Administration
Research subject
Economy, Business administration
URN: urn:nbn:se:lnu:diva-44031DOI: 10.1688/JEEMS-2015-01-PonomarevaISI: 000355276000003OAI: diva2:819686
Available from: 2015-06-11 Created: 2015-06-11 Last updated: 2016-04-27Bibliographically approved
In thesis
1. Costs and Benefits of Delegation: Managerial Discretion as a Bridge between Strategic Management and Corporate Governance
Open this publication in new window or tab >>Costs and Benefits of Delegation: Managerial Discretion as a Bridge between Strategic Management and Corporate Governance
2016 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

This dissertation addresses the question of effective delegation, exploring it through the concept of managerial discretion (i.e., a latitude of managerial actions, which lie in the zone of shareholders’ acceptance). While the corporate governance perspective on managerial discretion focuses mainly on the costs associated with delegation, the strategic management perspective emphasizes its benefits in creating value for the firm. Building on research in corporate governance and strategic management, this dissertation develops and empirically tests a theoretical framework that explains how the two distinct dimensions of managerial discretion jointly influence organizational outcomes. The proposed framework illuminates the importance of balance between the restraining and enabling decisions undertaken by professional managers. This dissertation makes a two-fold contribution to the field of corporate governance. First, it identifies and explains organizational and environmental forces that jointly shape strategic and governance dimensions of managerial discretion, redefining the concept. Second, it conceptually and empirically explores an integrative model of managerial discretion within the broader corporate governance framework, providing evidence of the joint effects of governance and strategic dimensions of discretion on organizational outcomes. The results suggest that the effect of governance dimension of managerial discretion on a firm’s performance is contingent on the strategic dimension of discretion. This draws attention to potential strategic implications of board monitoring over managerial decision making. While the majority of studies emphasize the benefits of increased control over managerial decision making, particularly stressing board monitoring, this dissertation also considers the benefits of delegation for firms’ strategic development. By reversing the polarity of the current emphasis on disciplining managers, this dissertation provides a more balanced view of the notion of corporate governance. The value of this approach derives from the integrated model, which highlights the benefits and the costs of delegation. 

Place, publisher, year, edition, pages
Växjö, Sweden: Linnaeus University Press, 2016. 122 p.
Linnaeus University Dissertations, 246/2016
Managerial discretion, board of directors, agency theory, delegation, control, transition economy, Sweden
National Category
Business Administration
Research subject
Economy, Ekonomistyrning
urn:nbn:se:lnu:diva-52162 (URN)978-91-88357-09-0 (ISBN)
Public defence
2016-05-09, Wicksell, Hus K, Växjö, 10:00 (English)
Available from: 2016-04-27 Created: 2016-04-20 Last updated: 2016-04-27Bibliographically approved

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