文章基本信息

标题：Incomplete Contracts and the Internal Organisation of Firms
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作者：Phillipe Aghion, Nicholas Bloom, John Van Reenen
期刊名称：CEP Occasional Paper
出版年度：2013
卷号：2013
出版社：Centre for Economic Performance, London School of Economics and Political Science
摘要：We survey the theoretical and empirical literature on decentralization within firms. We first discuss how the concept of incomplete contracts shapes our views about the organization of decisionmaking within firms. We then overview the empirical evidence on the determinants of decentralization and on the effects of decentralization on firm performance. A number of factors highlighted in the theory are shown to be important in accounting for delegation, such as heterogeneity and congruence of preferences as proxied by trust. Empirically, competition, human capital and IT also appear to foster decentralization. There are substantial gaps between theoretical and empirical work and we suggest avenues for future research in bridging this gap.
关键词：uncertainty