The Effects of Managers' Moral Philosophy on Project Decision Under Agency Problem Conditions
學年 98
學期 2
出版（發表）日期 2010-07-01
作品名稱 The Effects of Managers' Moral Philosophy on Project Decision Under Agency Problem Conditions
作品名稱（其他語言）
著者 Huang, Cheng-li; Chang, Bao-guang
單位 淡江大學會計學系
出版者 Dordrecht: Springer Netherlands
著錄名稱、卷期、頁數 Journal of Business Ethics 94(4), pp.595-611
摘要 This study derives an improved model of managers' decision-making behavior regarding possibly failing projects. Instead of adopting cognitive moral development used by Rutledge and Karim (Accounting, Organization and Society 24, 173–184, 1999) this investigation uses the agency theory framework to consider individual moral philosophy for the improvement of decisions regarding possibly failing projects. This research hypothesizes that a manager with low relativism has a stronger tendency to discontinue a possibly failing project than one with high relativism when agency problem are present or absent. Also, this study suggests that a manager with high idealism has a stronger tendency to discontinue a possibly failing project than one with low idealism. Through experiments this work finds that agency problem is a significant factor on decisions regarding possibly failing projects in all circumstances. This result is consistent with prior literature and shows agency problem universality. Next, the empirical evidence supports the hypothesis that a project manager with low relativism tends to discontinue a possibly failing project more than one with high relativism, showing that individual moral philosophy can partially mitigate the phenomenon of escalating managers' commitment.
關鍵字 Moral philosophy; Project evaluation; Agency problem; Escalation of commitment
語言 en
ISSN 0167-4544 1573-0697
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Huang, Cheng-li
審稿制度
國別 NLD
公開徵稿
出版型式 紙本 電子版
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