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The concept of managerial discretion in corporate governance - better off without it?
Örebro University, Orebro University School of Business, Örebro University, Sweden. (CEROC)ORCID iD: 0000-0002-2156-680X
2017 (English)In: Corporate Governance : The International Journal of Effective Board Performance, ISSN 1472-0701, E-ISSN 1758-6054, Vol. 17, no 3, 574-587 p.Article in journal (Refereed) Published
Abstract [en]

Purpose: This paper aims to assess the concept of managerial discretion with respect to itstheoretical and empirical usefulness for corporate governance research.

Design/methodology/approach: This paper scrutinises applied theoretical claims, definitions andmethods, as well as a number of empirical studies on managerial discretion.

Findings: To date, no empirical definition of the concept has been presented and no measurementhas been developed and tested for reliability and validity that contains all three factors of the managerialdiscretion concept, as proposed by Hambrick and Finkelstein (1987).

Practical implications: Research on managerial discretion does not provide owners and directors ofboards with any advice on granting top managers a high or low degree of discretion.

Originality/value: This paper concludes that corporate governance scholarship will improve if itabandons the concept of managerial discretion.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2017. Vol. 17, no 3, 574-587 p.
Keyword [en]
measurement, corporate governance, organizational performance, definitons
National Category
Business Administration
Research subject
Business Studies
Identifiers
URN: urn:nbn:se:oru:diva-57789DOI: 10.1108/CG-09-2016-0176OAI: oai:DiVA.org:oru-57789DiVA: diva2:1097081
Available from: 2017-05-22 Created: 2017-05-22 Last updated: 2017-05-24Bibliographically approved

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Andersen, Jon Aarum
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Orebro University School of Business, Örebro University, Sweden
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CiteExportLink to record
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Citation style
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