Optimal distribution of organizational decision-making power based on matching of knowledge and decision-making power

Dongnan Daxue Xuebao (Ziran Kexue Ban)/Journal of Southeast University (Natural Science Edition)

Volumn 37, Issue 6, 2007, Pages 1117-1121

  Shan, Haiyan ^a   Wang, Wenping ^a  

^a Southeast University   (China)

Author keywords

Agency cost; Decision cost; Knowledge cost; Organizational decision making power; Risk cost

Indexed keywords

COSTS; DECISION MAKING;

AGENCY COST; DECISION COST; KNOWLEDGE COST; ORGANIZATIONAL DECISION MAKING POWER; RISK COST;

RISK MANAGEMENT;

EID: 38049185158     PISSN: 10010505     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (13)

1. Grant R M. Toward a knowledge-based theory of the firm[J]. Strategic Management Journal, 1996, 17(1): 109-122.
2. Cheng Dejun, Tao Xiangnan. The distribution of knowledge and centralized or dispersed power in the organization[J]. Nankai Business Review, 2001, 4(3): 28-32. (in Chinese)
3. Hayek F A. The use of knowledge in society[J]. American Economics Review, 1945, 35(4): 519-530.
4. Jensen M C, Meckling W H. Knowledge, control and organizational structure[C]//Contract Economics. Cambridge, MA: Basil Blackwell, 1992: 138-160.
5. Wang Zhihui, Jiang Fu, Wang Yigang. A model of optimal decision distribution in enterprise and its analysis[J]. Journal of Industrial Engineering and Engineering Management, 2001, 15(2): 65-66. (in Chinese)
6. Vagstad S. Centralized vs. decentralized procurement: does dispersed information call for decentralized decision-making?[J]. International Journal of Industrial Organization, 2000, 18(6): 949-963.
7. Jenson M C, Meckling W H. Theory of the firm: managerial behavior, agency costs and ownership structure[J]. Journal of Financial Economy, 1976, 3(4): 305-360.
8. Leland H E. Agency costs, risk management, and capital structure[J]. The Journal of Finance, 1998, 53(4): 1213-1243.
9. Wallance N D, Amani K B, Singh M. Agency costs, ownership structure, and corporate governance in pre- and post-ipo firms[J]. Corporate Ownership and Control, 2006, 3(3): 88-95.
10. Wang Junxia, Guan Jiancheng. Exploration of factors and effect of knowledge-based decision-making in organizations[J]. Studies in Science of Science, 2006, 24(10): 769-774. (in Chinese)