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ERIC Number: EJ1104350
Record Type: Journal
Publication Date: 2016
Pages: 15
Abstractor: As Provided
ISSN: ISSN-2153-7615
Managerial Cognitive Moral Development and the Firm's Owners' Salience: Empirical Evidence
Martynov, Aleksey; Logachev, Sergey
Administrative Issues Journal: Connecting Education, Practice, and Research, v6 n1 p73-87 Sum 2016
In this paper, we study the agency relationship between the firm's owners and managers. We apply the theory of Cognitive Moral Development (CMD) to answer the question: What factors affect salience of the interests of the firm's owners to the managers? Using a sample of Russian managers, we found that higher levels of CMD weaken the relationship between the owners' perceived urgency and the owners' salience and strengthen the relationship between the owners' perceived power and the owners' salience. We also found that managerial CMD is positively associated with the perceived legitimacy of the owners' demands to the managers. Our results show that the higher the managers' CMD, the less applicable are the recommendations of agency theory to incentivizing and controlling the managers.
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Russia
Grant or Contract Numbers: N/A