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Other-regarding preferences and management styles

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Author Info

  • Kocher, Martin G.
  • Pogrebna, Ganna
  • Sutter, Matthias

Abstract

We use a laboratory experiment to examine whether and to what extent other-regarding preferences (efficiency, inequality aversion and maximin concerns) of team managers influence their management style in choice under risk. We find that managers who prefer efficiency are more likely to exercise an autocratic management style by ignoring preferences of their team members. Equality concerns have no significant impact on management styles. Elected managers have a higher propensity than exogenously assigned managers to use a democratic management style by reaching team consensus. We also find that male managers employ a democratic style more often than women.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

Volume (Year): 88 (2013)
Issue (Month): C ()
Pages: 109-132

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Handle: RePEc:eee:jeborg:v:88:y:2013:i:c:p:109-132

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Web page: http://www.elsevier.com/locate/jebo

Related research

Keywords: Management style; Other-regarding preferences; Unobserved heterogeneity; Experiment;

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References

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Cited by:
  1. Antonio FILIPPIN & Paolo CROSETTO, 2014. "A Reconsideration of Gender Differences in Risk Attitudes," Departmental Working Papers 2014-01, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  2. Pablo Hernandez & Dylan B. Minor & Dana Sisak, 2013. "Performance and Relative Incentive Pay: The Role of Social Preferences," Tinbergen Institute Discussion Papers 13-176/VII, Tinbergen Institute.

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