By Hagen Wülferth

​The theoretical and empirical literature thus far has fallen wanting achieving a consensus as to if granting extra managerial discretion to managers has a tendency to enhance, not alter or minimize organizational functionality (the discretion puzzle). This e-book goals to construct a bridge among those contradictory effects by way of synthesising principal-agent concept, stewardship idea, and managerial discretion conception right into a new empirically-validated version. utilizing a consultant pattern of 'double-blind' interviews with managers of 467 organisations in China and using partial least squares direction modelling (PLS), the examine identifies a possible reason behind the discretion puzzle: the failure of the extant literature to account for granularity within the method that managers use their discretion. This generates far-reaching implications for theoretical and empirical study in addition to useful suggestions for handling managers in multinationals and chinese language companies.  

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