decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly … available information. Decentralized control, on the other hand, delegates authority to a manager with superior information …. As the available public information about the specific technology increases, the trade-off shifts in favor of …

poor economies, thus insufficient information to set the appropriate standards for firm performance. Our model predicts a … these societies have access to different amounts of information. This lack of information makes it hard to give the right … incentives to managers and entrepreneurs. We argue that differences in the amount of information arise because of the differences …

these societies have access to different amounts of information. The lack of information in less developped economies makes … it hard to evaluate the performance of managers, and leads to high "agency costs". Differencies in the amount of … information have a variety of sources. As well as factors related to the informational infrastructure, we emphasize that societies …

poor economies, thus insufficient information to set the appropriate standards for firm performance. The model predicts a … differ as these societies have access to different amounts of information. This lack of information makes it hard to give the … right incentives to managers and entrepreneurs. We argue that differences in the amount of information arise because of the …

decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly … available information. Decentralized control, on the other hand, delegates authority to a manager with superior information …. As the available public information about the specific technology increases, the trade-off shifts in favour of …

. Centralized control relies on the information of the principal, which we equate with publicly available information. Decentralized … control, on the other hand, delegates authority to a manager with superior information. However, the manager can use her … informational advantage to make choices that are not in the best interest of the principal. As the available public information …

decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly … available information. Decentralized control, on the other hand, delegates authority to a manager with superior information …. As the available public information about the specific technology increases, the trade-off shifts in favor of …

decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly … available information. Decentralized control, on the other hand, delegates authority to a manager with superior information …. As the available public information about the specific technology increases, the trade-off shifts in favour of …

decentralization decisions of firms. Centralized control relies on the information of the principal, which we equate with publicly … available information. However, the manager can use her informational advantage to make choices that are not in the best … interest of the principal. As the available public information about the specific technology increases, the trade-off shifts in …