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Managerial Professionalism and the Use of Organization Resources
Author(s) -
Haga William James
Publication year - 1976
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1976.tb03021.x
Subject(s) - coase theorem , position (finance) , consumption (sociology) , business , economics , industrial organization , empirical research , microeconomics , sociology , transaction cost , social science , epistemology , finance , philosophy
A bstract . Coase, Kaldor, and Baumol represent a pattern of thinking among microeconomists which regards professionalism among organization managers as contributing to efficiency and, therefore, a source of expansion of an organization's size beyond the limits otherwise expected. This paper takes the contrary position that managerial professionalism does not lead to technical efficiency but to the consumption of organization resources for competitive performances aimed at impressing outside audiences. The implications of empirical findings from a time series study of professionalizing functionaries are discussed.