Download This PaperToward an Economic Theory of Leadership: Leading by Example
38 Pages Posted: 7 May 1997
Abstract
This paper explores leadership within organizations. Leadership is distinct from authority because following a leader is a voluntary rather than coerced activity of the followers. This paper considers how a leader induces rational followers to follow her in situations when the leader has incentives to mislead her followers.
JEL Classification: D23, D21, D29, L29
Suggested Citation: Suggested Citation
Benjamin E. Hermalin (Contact Author)
University of California, Berkeley ( email )
545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States
510-642-7575 (Phone)
510-643-1420 (Fax)
European Corporate Governance Institute (ECGI)
c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium
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