Influence of Management Structure on Decision-making Preferences of International Organization——A Case of the International Monetary Fund
According to the principal-agent theory,this paper analyzes the influence of management structure on decision-making preferences for the loan from the International Monetary Fund(IMF),based on manual collection of the IMF human resources data.The study found that the management structure has a positive impact on the IMF's lending decision preferences.The more borrower nationals serve as middle managers in the IMF,the more people who serve as the head of the President's office and the head of the district department,the more people serve as executive directors and deputy executive directors,and the more managers they serve in the European and Western hemisphere departments,the IMF lending decisions prefer the country.Further research found that when the borrower agrees with the diplomatic position of the United States,the more economic assistance is obtained from the western developed countries and the more people of the borrower serve as managers,the IMF loan decision will prefer the country.China is often loca-ted in a disadvantaged position in international financial governance.In order to enhance China's voice in international financial governance,this paper provides new ideas and paths for China to participate in inter-national financial governance from the perspective of human resources.
International Monetary Fundmanagement structuregeographical representationdecision-making preferenceprincipal-agent problem
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