TITLE

DEREGULATORY FORMS, VARIATIONS IN THE SPEED OF GOVERNANCE ADAPTATION, AND FIRM PERFORMANCE

AUTHOR(S)
Bongjin Kim; Prescott, John E.
PUB. DATE
April 2005
SOURCE
Academy of Management Review;Apr2005, Vol. 30 Issue 2, p414
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Government regulation in an industry is an intermediary in the principal-agent relationship that acts as a substitute for internal governance mechanisms. We propose a model for studying how different forms of deregulation (frame-breaking, metamorphic, piecemeal, and plodding) impact variations in the speed of adaptation of internal governance mechanisms to the theoretical predictions of agency theory and resulting performance implications. We develop illustrative propositions for a set of contingencies that moderate the above relationship. How government and firms manage the deregulatory process has important economic and social consequences.
ACCESSION #
16387896

Tags: GOVERNMENT regulation;  BUSINESS & politics;  INDUSTRIAL policy;  DEREGULATION;  ORGANIZATIONAL sociology;  REGULATORY reform;  CORPORATE governance;  BUSINESS enterprises;  CHIEF executive officers;  ORGANIZATIONAL behavior;  COMPETITION;  REGULATED industries

 

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