A Behavioral Theory Of The Firm
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A Behavioral Theory Of The Firm
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Author : Richard Michael Cyert
language : en
Publisher: Englewood Cliffs, N.J : Prentice-Hall
Release Date : 1963
A Behavioral Theory Of The Firm written by Richard Michael Cyert and has been published by Englewood Cliffs, N.J : Prentice-Hall this book supported file pdf, txt, epub, kindle and other format this book has been release on 1963 with Decision-making categories.
Antecedents of the behavioral theory of the firm; Organizational goals; Organizational expectations; Organizational choice; A summary of basic concepts in the behavioral theory of the firm; A specific price and output model; A general model of price and outup determination; A model of rational managerial behavior; A model of trust investment behavior; some implications.
A Behavioral Theory Of The Firm
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Author : Richard Michael 1921- Cyert
language : en
Publisher: Hassell Street Press
Release Date : 2021-09-10
A Behavioral Theory Of The Firm written by Richard Michael 1921- Cyert and has been published by Hassell Street Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-10 with categories.
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
A Behavioral Theory Of The Firm
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Author : Richard Michael 1921- Cyert
language : en
Publisher: Hassell Street Press
Release Date : 2021-09-09
A Behavioral Theory Of The Firm written by Richard Michael 1921- Cyert and has been published by Hassell Street Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-09 with categories.
This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
A Behavioral Theory Of The Firm
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Author : Richard Michael Cyert
language : en
Publisher: Martino Fine Books
Release Date : 2013-11
A Behavioral Theory Of The Firm written by Richard Michael Cyert and has been published by Martino Fine Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11 with Business & Economics categories.
2013 Reprint of 1963 First Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. "A Behavioral Theory of the Firm" has become a classic work in organizational theory, and is one of the most significant contributions to theory intended to improve the operation of the modern corporation. The authors use experiments and empirical observations to build their model of decision making. They reject the structure of the firm as represented by classical economic theory, instead they focus on the discretion of management. They also offer a new way of viewing the effects of organization, communications and individuals on the firm's overall activity. This is path breaking book and among the most important and provocative interpretations yet advanced for seeing inside the firm to understand it as an organization and an economic entity.
A Behavioral Theory Of The Firm
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Author : Richard Cyert
language : en
Publisher:
Release Date : 1963
A Behavioral Theory Of The Firm written by Richard Cyert and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1963 with categories.
Economic Foundations Of Strategy
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Author : Joseph T. Mahoney
language : en
Publisher: SAGE
Release Date : 2005
Economic Foundations Of Strategy written by Joseph T. Mahoney and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
The theoretical foundations of management strategy are identified and outlined in this text. Five theories are considered in the light of questions about how organisations operate efficiently, cost minimization, wealth creation, individual self-interest, and continued growth.
A Theory Of The Firm
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Author : Michael C. Jensen
language : en
Publisher: Harvard University Press
Release Date : 2003-09-30
A Theory Of The Firm written by Michael C. Jensen and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-09-30 with Business & Economics categories.
This collection examines the forces, both external and internal, that lead corporations to behave efficiently and to create wealth. Corporations vest control rights in shareholders, the author argues, because they are the constituency that bear business risk and therefore have the appropriate incentives to maximize corporate value. Assigning control to any other group would be tantamount to allowing that group to play poker with someone else's money, and would create inefficiencies. The implicit denial of this proposition is the fallacy of the so-called stakeholder theory of the corporation, which argues that corporations should be run in the interests of all stakeholders. This theory offers no account of how conflicts between different stakeholders are to be resolved, and gives managers no principle on which to base decisions, except to follow their own preferences. In practice, shareholders delegate their control rights to a board of directors, who hire, fire, and set the compensation of the chief officers of the firm. However, because agents have different incentives than the principals they represent, they can destroy corporate value unless closely monitored. This happened in the 1960s and led to hostile takeovers in the market for corporate control in the 1970s and 1980s. The author argues that the takeover movement generated increases in corporate efficiency that exceeded $1.5 trillion and helped to lay the foundation for the great economic boom of the 1990s.
The Behavioral Theory Of The Firm
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Author : Lukas B Timbate
language : en
Publisher: Eliva Press
Release Date : 2023-11-02
The Behavioral Theory Of The Firm written by Lukas B Timbate and has been published by Eliva Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-02 with categories.
The relationship between CSR and earnings management has got vast attention among the researchers examining whether CSR signals an agency problem or ethical management. The extant literature provides mixed and inconsistent results supporting both agency problem and ethical management perspectives. Numerous scholarly works show that CSR may boost firm performance. However, it is not clear whether firms are strategically using CSR to improve their performance and also engaging in earnings management, and why only ethical managers show better CSR performance. Moreover, while organizations and professionals consider the type, size, timing, and purpose of earning management in deciding whether it is unethical practice, the existing literature focuses only on the size of earnings management. This study, borrowing a concept from a behavioral theory of the firm (BTOF), attempts to show a more refined model on the relationship between CSR and earnings management. Using data from a sample of S&P 1500 firms for the period covering 2010 through 2017, the current study documents pieces of evidence possessing significant contributions and implications for the BTOF, earnings management and CSR literature. First, motivated by the desire to improve subsequent performance and reclaim status quo, firms performing below aspiration level are more likely to show better CSR performance than firms performing above aspiration. Second, income-increasing earnings management is more likely to happen when the firm's performance falls below its aspiration in the prior period and income-decreasing earnings management is related to better performance relative to aspiration. Third, despite the finding that firms performing below aspiration are more likely to show better CSR performance than above aspiration performers, subsequent tests do not provide evidence that CSR performance is related to agency problem or ethical management. However, the findings indicate that firms' desire to engage in CSR may emanate from its contribution in building firms' image and reputation, and subsequently improving performance and productivity rather than just hiding earnings management or serving the society.
Toward Behavioral Transaction Cost Economics
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Author : George Z. Peng
language : en
Publisher: Springer Nature
Release Date : 2020-10-26
Toward Behavioral Transaction Cost Economics written by George Z. Peng and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-26 with Business & Economics categories.
Adopting a critical realist position, this book renders transaction cost economics (TCE) into a behavioral theory of organizational decision-making by foregrounding psychological processes and introducing and integrating with effectuation theory. Consistent with its behavioral agenda, the book introduces the concept of uncertainty controllability and provides a clearer conceptualization and a novel modeling strategy of bounded rationality based on the conceptual separation of cognitive bounds from psychological ‘rationalizing.’ The book inspires new insights into the significance of cultural distance (CD). Based on the understanding that culture is socially-extended cognition, the author re-conceptualizes CD as reflecting cognitive bounds, and uses the biases arising from CD to contextualize effectuation and deepen the flat ontology of both TCE and effectuation theory. The book presents a full two-sided behavioral framework of organizational decision-making, with behavioral TCE and behavioral real options theory complementing each other to complete the full behavioral picture. Both sides are further linked to organizational learning, which reduces biases over time and thus drives governance structures toward more rational directions. The full framework uses prospect theory as the overarching theory that determines which side of the behavioral framework is relevant for the uncertainty of concern based on the different problem frames resulting from different degrees of uncertainty controllability. Because effectuation can take place on both sides of the framework based on competing risk logics, prospect theory serves to harmonize inconsistencies in the effectuation literature as a side note. This book applies the behavioral TCE side of the framework to the study of MNC subsidiary ownership decision-making process using a dataset of over 10,000 Japanese subsidiaries founded in 43 host countries. It concludes with a discussion of implications and future directions for TCE in general and international business in particular.
Alternative Theories Of The Firm
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Author : Michael Pirson
language : en
Publisher: Routledge
Release Date : 2021-12-28
Alternative Theories Of The Firm written by Michael Pirson and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-28 with Business & Economics categories.
The Theory of the Firm is commonly viewed as axiomatic by business school academicians. Considerations in spanning organizational structures, their boundaries and roles, as well as business strategies all relate to the Theory of the Firm. The dominant Theory of the Firm poses that markets act perfectly to maximize the well- being of society when people act to maximize the personal utility of their individual purchases and firms act to maximize financial returns to their owners. However, burgeoning evidence and discourse across the scientific and policy communities suggests that the economic, social, and environmental consequences of accepting and applying this theory in the organization of business and society threaten the survival of the human species, among countless others. This book provides the latest thinking on alternatives to the Theory of the Firm as cornerstone of managerial decision-making. Authors explore and elucidate theories that help us understand a firm differently and suggest alternatives to the Theory of the Firm. This book will be of value to researchers, academics, practitioners, and students interested in leadership, strategic management, and the intersection of corporate interests and the well-being of the society.