Managerial Discretion in an Inter-Team Competition Environment

Following article describes scoring method for international market from perspective of expansion, based on criteria’s that is widely used in economics and marketing. The idea of the method is estimating international market’s potential by using the criteria system and choosing most suited entering strategy by following an algorithm. Estimation of international market’s perspective contains quantitative data, for analyzing competition environment of sectorial market, possible targeted audience and logistics performance. The method can be used by any organization, regardless of its size or industry specifics, for estimating international’s market potential from perspective of expansion.

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Managerial Discretion and Public Utility Regulation

Southern Economic Journal ◽

10.2307/1057470 ◽

1979 ◽

Vol 45 (3) ◽

pp. 696 ◽

Cited By ~ 12

Author(s):

Michael A. Crew ◽

Paul R. Kleindorfer

Keyword(s):

Managerial Discretion ◽

Public Utility ◽

Utility Regulation ◽

Public Utility Regulation

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Loan loss provisioning by Italian banks: Managerial discretion, relationship banking, functional distance and bank risk

International Review of Economics & Finance ◽

10.1016/j.iref.2018.10.022 ◽

2019 ◽

Vol 60 ◽

pp. 238-256 ◽

Cited By ~ 2

Author(s):

David Aristei ◽

Manuela Gallo

Keyword(s):

Managerial Discretion ◽

Bank Risk ◽

Relationship Banking ◽

Loan Loss ◽

Functional Distance

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Estructura de capital, concentración de propiedad y política de dividendos como factores determinantes de problemas de agencia en empresas chilenas

Estudios de Administración ◽

10.5354/0719-0816.2015.56731 ◽

2020 ◽

Vol 22 (1) ◽

Author(s):

Roberto Vallejos Villa

Keyword(s):

Capital Structure ◽

Agency Costs ◽

Positive Relationship ◽

High Growth ◽

Managerial Discretion ◽

Short Term ◽

Linear Effect ◽

Management Efficiency ◽

Turnover Ratio ◽

Asset Turnover

The objective of this paper is to analyze the capital structure, the concentration of property and the policy of dividends as determinants of the problems of agency in Chilean companies. As a measure of agency costs, the asset turnover ratio was used as a benchmark for management efficiency in the use of the company's assets, which is an inverse measure of agency costs. The results show that a higher level of indebtedness seems to favor the discretional behavior of managers. However, there is also evidence that when the debt is a short-term debt, the divergence of interest decreases between shareholders and managers. The concentration of property on the other hand has a non-linear effect on the costs of agency, which means that, first, it acts as a mechanism to attenuate managerial discretion, but when it reaches a certain level, an effect of expropriation of major shareholders over minor shareholders seems to be produced. In relation to the dividend policy, a positive relationship is observed with efficiency in the use of assets, mainly in the presence of high growth opportunities.

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