{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,9,8]],"date-time":"2026-09-08T11:20:20Z","timestamp":1788866420678,"version":"build-2803163510"},"reference-count":48,"publisher":"The Econometric Society","issue":"6","license":[{"start":{"date-parts":[[2024,1,1]],"date-time":"2024-01-01T00:00:00Z","timestamp":1704067200000},"content-version":"unspecified","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by-nc-nd\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["ECTA"],"abstract":"<jats:p>The allocation of decision\u2010making power is a critical choice that organizations make to mitigate agency problems and information frictions. This paper investigates the role of delegation for organizations where the agency problem is both pervasive and has potentially high welfare consequences: state\u2010owned enterprises (SOEs). I use a natural experiment in India to uncover the causal effects of granting SOE managers more autonomy over strategic decisions. Managers meaningfully exercise this autonomy, which results in greater value added, but also a reduced emphasis on outcomes valued by the government, such as a reduction in worker amenities (employee housing), and an increase in markups. Returns to autonomy are higher for firms with higher baseline incentive conflict.<\/jats:p>","DOI":"10.3982\/ecta19872","type":"journal-article","created":{"date-parts":[[2024,11,19]],"date-time":"2024-11-19T14:21:59Z","timestamp":1732026119000},"page":"1777-1800","source":"Crossref","is-referenced-by-count":17,"title":["The Impacts of Managerial Autonomy on Firm Outcomes"],"prefix":"10.3982","volume":"92","author":[{"given":"Namrata","family":"Kala","sequence":"first","affiliation":[{"name":"Sloan School of Management, MIT"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"2359","published-online":{"date-parts":[[2024]]},"reference":[{"issue":"4","key":"ecta200732-bib-0001","doi-asserted-by":"crossref","first-page":"1759","DOI":"10.1162\/qjec.2007.122.4.1759","volume":"122","author":"Acemoglu","year":"2007","journal-title":"The Quarterly Journal of Economics"},{"issue":"6","key":"ecta200732-bib-0002","doi-asserted-by":"crossref","first-page":"2411","DOI":"10.3982\/ECTA13408","volume":"83","author":"Ackerberg","year":"2015","journal-title":"Econometrica"},{"issue":"1","key":"ecta200732-bib-0003","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1086\/262063","volume":"105","author":"Aghion","year":"1997","journal-title":"Journal of Political Economy"},{"issue":"1","key":"ecta200732-bib-0004","first-page":"133","volume":"13","author":"Aghion","year":"2021","journal-title":"American Economic Journal: Applied Economics"},{"issue":"1","key":"ecta200732-bib-0005","doi-asserted-by":"crossref","first-page":"34","DOI":"10.1093\/jeea\/jvad027","volume":"22","author":"Alfaro","year":"2024","journal-title":"Journal of the European Economic Association"},{"issue":"2","key":"ecta200732-bib-0006","doi-asserted-by":"crossref","first-page":"431","DOI":"10.1111\/j.1468-0262.2006.00668.x","volume":"74","author":"Athey","year":"2006","journal-title":"Econometrica"},{"issue":"1","key":"ecta200732-bib-0007","doi-asserted-by":"crossref","first-page":"56","DOI":"10.1093\/jleo\/15.1.56","volume":"15","author":"Baker","year":"1999","journal-title":"Journal of Law, Economics, and organization"},{"issue":"4","key":"ecta200732-bib-0008","doi-asserted-by":"crossref","first-page":"2195","DOI":"10.1093\/qje\/qjab029","volume":"136","author":"Bandiera","year":"2021","journal-title":"The Quarterly Journal of Economics"},{"issue":"4","key":"ecta200732-bib-0009","doi-asserted-by":"crossref","first-page":"764","DOI":"10.1086\/262042","volume":"104","author":"Barberis","year":"1996","journal-title":"Journal of Political Economy"},{"key":"ecta200732-bib-0010","doi-asserted-by":"crossref","unstructured":"Bartel, Ann P., and Ann E. 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