Economic Function Of The Corporation
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Economic Function Of The Corporation
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Author : American Institute of Management
language : en
Publisher:
Release Date : 1959
Economic Function Of The Corporation written by American Institute of Management and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1959 with Corporations categories.
The Management Audit Series Economic Function Of The Corporation
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Author : American Institute of Management
language : en
Publisher:
Release Date : 1953
The Management Audit Series Economic Function Of The Corporation written by American Institute of Management and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1953 with Corporations categories.
The Nature And Economic Functions Of Corporations
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Author : Charles Meredith Hubbard
language : en
Publisher:
Release Date : 1893
The Nature And Economic Functions Of Corporations written by Charles Meredith Hubbard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1893 with categories.
Corporate Power And Social Responsibility
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Author : Neil H. Jacoby
language : en
Publisher: Simon and Schuster
Release Date : 1973
Corporate Power And Social Responsibility written by Neil H. Jacoby and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 1973 with categories.
One of America's most distinguished economists, Neil H. Jacoby has served as a public member of the Phase II pay board, an economic adviser to President Eisenhower, founding dean of UCLA's Graduate School of Management, and a consultant to numerous government agencies and private corporations. In "Corporate Power And Social Responsibility" he gives a thorough, objective "social assessment" of the American corporation. He identifies trends which point to a changing corporate role at home and abroad and he offers creative reforms of corporate and public policy which will promote a more "just, efficient, creative and democratic society." Jacoby finds no evidence to support New Left charges that the U.S. has become a "corporate state." In fact, he says, corporate political power is waning, conglomeration is tapering off, the corporate share of the nation's wealth is holding steady at 28%. Competition, says Jacoby, is on the increase. Where price and quality of materials and manufacturing were once the only factors, mushrooming technology, new business practices and new markets have created new competitive pressures. An increasing variety of product features, services, warranties, credit terms and trade-in allowances have multiplied consumer choices. As a smaller and smaller proportion of personal income is spent on necessities, competition between different kinds of products has become more important (should discretionary income go for a sail boat or a trip to Europe?). In many industries, increasing competition from foreign manufacturers is a factor. Rapid changes in business practices and technology have even made potential competition from entering firms and new products animportant consideration. Still, Jacoby sees much need for improvement. He proposes measures to increase the political power of the consumer, upgrade the performance of boards of directors, expand the involvement of stockholders in company decision-making, encourage environmental responsibility, and make defense companies function efficiently. For the future, Jacoby predicts the continued decline of corporate power as government regulation expands and new, competing interest blocs spring up. At the same time corporations will become more responsive to changing social values and priorities. The rapid growth of multinational firms, he believes, will increase the stability of the world order and promote the growth of regional and world-wide political organization.
Governing The Modern Corporation
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Author : Roy C. Smith
language : en
Publisher: Oxford University Press
Release Date : 2006-01-12
Governing The Modern Corporation written by Roy C. Smith and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-12 with Business & Economics categories.
Nearly seventy years after the last great stock market bubble and crash, another bubble emerged and burst, despite a thick layer of regulation designed since the 1930s to prevent such things. This time the bubble was enormous, reflecting nearly twenty years of double-digit stock market growth, and its bursting had painful consequence. The search for culprits soon began, and many were discovered, including not only a number of overreaching corporations, but also their auditors, investment bankers, lawyers and indeed, their investors. In Governing the Modern Corporation, Smith and Walter analyze the structure of market capitalism to see what went wrong. They begin by examining the developments that have made modern financial markets--now capitalized globally at about $70 trillion--so enormous, so volatile and such a source of wealth (and temptation) for all players. Then they report on the evolving role and function of the business corporation, the duties of its officers and directors and the power of its Chief Executive Officer who seeks to manage the company to achieve as favorable a stock price as possible. They next turn to the investing market itself, which comprises mainly financial institutions that own about two-thirds of all American stocks and trade about 90% of these stocks. These investors are well informed, highly trained professionals capable of making intelligent investment decisions on behalf of their clients, yet the best and brightest ultimately succumbed to the bubble and failed to carry out an appropriate governance role. In what follows, the roles and business practices of the principal financial intermediaries--notably auditors and bankers--are examined in detail. All, corporations, investors and intermediaries, are found to have been infected by deep-seated conflicts of interest, which add significant agency costs to the free-market system. The imperfect, politicized role of the regulators is also explored, with disappointing results. The entire system is seen to have been compromised by a variety of bacteria that crept in, little by little, over the years and were virtually invisible during the bubble years. These issues are now being addressed, in part by new regulation, in part by prosecutions and class action lawsuits, and in part by market forces responding to revelations of misconduct. But the authors note that all of the market's professional players--executives, investors, experts and intermediaries themselves--carry fiduciary obligations to the shareholders, clients, and investors whom they represent. More has to be done to find ways for these fiduciaries to be held accountable for the correct discharge of their duties.
The Theory Of The Firm And Chinese Enterprise Reform
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Author : Xiao Qin
language : en
Publisher: Routledge
Release Date : 2019-01-22
The Theory Of The Firm And Chinese Enterprise Reform written by Xiao Qin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-22 with Business & Economics categories.
Changes to corporate structure, including the role of the corporate headquarters, have been key factors in bringing about economic reform in China. In this penetrating and insightful book, Xiao questions the conventional theory of the firm, arguing that the ultimate goal of the headquarters of modern large corporations is to function as a substitute for the market, and introducing a new explanation for the nature of the firm - the 'substitution function model'. He provides an insider's account of the reforms in CITIC, a rare narrative that should be essential reading for scholars and practitioners who care about the theory and practice of the firm, in particular in the context of Chinese enterprise reform.
The Corporate Economy
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Author : Robin Marris
language : en
Publisher: MacMillan
Release Date : 1971
The Corporate Economy written by Robin Marris and has been published by MacMillan this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Business enterprises categories.
The Economic Structure Of Corporate Law
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Author : Frank H. Easterbrook
language : en
Publisher:
Release Date : 1991-10
The Economic Structure Of Corporate Law written by Frank H. Easterbrook and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-10 with Business & Economics categories.
The authors argue that the rules and practices of corporate law mimic contractual provisions that parties would reach if they bargained about every contingency at zero cost and flawlessly enforced their agreements. But bargaining and enforcement are costly, and corporate law provides the rules and an enforcement mechanism that govern relations among those who commit their capital to such ventures. The authors work out the reasons for supposing that this is the exclusive function of corporate law and the implications of this perspective.
Social Strategy And Corporate Structure
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Author : Neil W. Chamberlain
language : en
Publisher: Simon and Schuster
Release Date : 1982
Social Strategy And Corporate Structure written by Neil W. Chamberlain and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Corporations categories.
This new work by Neil W. Chamberlain will be of great importance to the business community -- and to all those charged with defining the role large corporations play in the affairs of society. Social Strategy and Corporate Structure is an objective, indepth examination of the organizational requirements of a social role for large-scale business. The role Neil Chamberlain presents is one of heroic dimensions: the political choice of goals, the strategic allocation of resources, and the tactical operations of the mechanisms of production. While there has been much discussion of corporate social responsibility, few have investigated the ways its structure will have to change if the corporation is to pursue a strategy that is both economic and social. This timely book integrates a large number of issues involving corporate activities and governance that go directly to the heart of this problem. In step-by-step detail, Chamberlain analyzes the organizational imperatives of this new age of social responsibility: the composition and functions of boards of directors and the relation of their duties to a broad system of national planning; the internal social audit; changes in the characteristics of corporate social planning; and proposals for restructuring ultimate corporate authority, either through public or outside directors. In addition, he examines the potential relevance of federal chartering of corporations, and the effects of international economic interdependence on the development of a new corporate social strategy. This book is not a detailed blueprint for change. Rather, it presents a thorough, systematic study of available courses of action for improvement, based on the principle that conventional notions of corporate independence will have to be modified for any social strategy to work. And while not everyone will agree with Neil Chamberlain, few can afford to ignore his provocative insights into what corporations must do to function effectively in a changed social environment
When Corporations Rule The World
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Author : David C. Korten
language : en
Publisher: Island Press
Release Date : 1995
When Corporations Rule The World written by David C. Korten and has been published by Island Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
Squarely addressing the controverial issue of modern corporate power, this book explains how economic globalization has concentrated the power to govern in global corporations and financial markets, detaching them from the human interest. Korten presents a policy for restoring democracy and rooting power in people and communities. ""A must-read.""--Archibishop Desmond Tutu.