TY - JOUR
T1 - Managers as Agents Without Principals
T2 - An Empirical Examination of Agency and Constituency Perspectives
AU - Leblebici, Huseyin
AU - Fiegenbaum, Avi
PY - 1986/12
Y1 - 1986/12
N2 - This study empirically investigated the propositions generated from agency and constituency perspectives about the nature of the managerial role. The managerial role was conceptualized as an integral part of the existing outcome interdependencies and power relations among a set of constituencies. By using time-series data on 160 companies in 10 manufacturing industries and performing three-stage least squares (3SLS) analyses, it was found that both competitive and symbiotic outcome interdependencies exist among the constituencies of organizations, and that these interdependencies are related to the long-term average outcomes of these constituencies. The implications of thesefindings for the symbolic role of managers is discussed.
AB - This study empirically investigated the propositions generated from agency and constituency perspectives about the nature of the managerial role. The managerial role was conceptualized as an integral part of the existing outcome interdependencies and power relations among a set of constituencies. By using time-series data on 160 companies in 10 manufacturing industries and performing three-stage least squares (3SLS) analyses, it was found that both competitive and symbiotic outcome interdependencies exist among the constituencies of organizations, and that these interdependencies are related to the long-term average outcomes of these constituencies. The implications of thesefindings for the symbolic role of managers is discussed.
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U2 - 10.1177/014920638601200404
DO - 10.1177/014920638601200404
M3 - Article
AN - SCOPUS:84970206855
SN - 0149-2063
VL - 12
SP - 485
EP - 498
JO - Journal of Management
JF - Journal of Management
IS - 4
ER -