The Theory Of The Firm
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The Theory Of The Firm
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Author : Daniel F. Spulber
language : en
Publisher: Cambridge University Press
Release Date : 2009-04-13
The Theory Of The Firm written by Daniel F. Spulber and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-04-13 with Business & Economics categories.
The Theory of the Firm presents an innovative general analysis of the economics of the firm.
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 Theory Of The Firm
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Author : Nicolai J. Foss
language : en
Publisher: Taylor & Francis
Release Date : 2000
The Theory Of The Firm written by Nicolai J. Foss and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
An Entrepreneurial Theory Of The Firm
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Author : Frédéric Sautet
language : en
Publisher: Routledge
Release Date : 2000-05-11
An Entrepreneurial Theory Of The Firm written by Frédéric Sautet and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-05-11 with Business & Economics categories.
This original, provocative work encompasses a wealth of existing literature and leads it in a new direction. It will inspire economic scholars particularly within the fields of Austrian economies and the theory of the firm.
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.
The Evolution Of The Theory Of The Firm
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Author : David J. Teece
language : en
Publisher: Edward Elgar Publishing
Release Date : 2019
The Evolution Of The Theory Of The Firm written by David J. Teece and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Business enterprises categories.
"This innovative collection of readings analyses how the theory of the firm evolved from several core concepts and building blocks that underpin this important area of economics. The first volume presents a variety of perspectives from leading scholars in the field before introducing the basic elements of: risk and uncertainty; information and knowledge; bounded rationality and decision making; motives and incentives; resources and capabilities; and transactions. The second volume looks at how the various elements are integrated into the modern Theory of the Firm with the notion of organization coming increasingly to the fore. It focuses on norms; rules and routines; the entrepreneur; governance; hierarchies; co-operation, teams and networks; innovation and appropriability. Together with an introduction by the editors, this collection is an invaluable reference tool for all researchers and students with an interest in the modern theory of the firm, highlighting how it needs to evolve further to address the important management and policy issues of our time"--
Social Norms And The Theory Of The Firm
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Author : Douglas E. Stevens
language : en
Publisher: Cambridge University Press
Release Date : 2018-10-18
Social Norms And The Theory Of The Firm written by Douglas E. Stevens and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-18 with Business & Economics categories.
Demonstrates the importance of social norms to firms and markets through historical context and theoretical and empirical evidence.
Theory Of The Firm For Strategic Management
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Author : Manuel Becerra
language : en
Publisher: Cambridge University Press
Release Date : 2009-02-05
Theory Of The Firm For Strategic Management written by Manuel Becerra and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-05 with Business & Economics categories.
Develops a value-based theory of the firm specifically aimed at strategic decision-making.
The Form Of The Firm
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Author : Abraham A. Singer
language : en
Publisher:
Release Date : 2019
The Form Of The Firm written by Abraham A. Singer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Business & Economics categories.
The Form of the Firm attempts to unveil the nature of the corporation as it exists in modern liberal societies. The author contends that economic theories understate the importance and danger of corporate power, and should be supplemented with a political analysis that foregrounds the sorts of political and moral values at stake in corporate activity.
An Economic Theory Of Managerial Firms
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Author : Luca Lambertini
language : en
Publisher: Taylor & Francis
Release Date : 2017-04-21
An Economic Theory Of Managerial Firms written by Luca Lambertini and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-21 with Business & Economics categories.
The separation between ownership and control has become common practice over the last century, in most medium and large firms across the world. Throughout the twentieth century, the theory of the firm and the theory of industrial organization developed parallel and complementary views on managerial firms. This book offers a comprehensive exposition of this debate. In its survey of strategic delegation in oligopoly games, An Economic Theory of Managerial Firms is able to offer a reinterpretation of a range of standard results in the light of the fact that the control of firms is generally not in the hand of its owners. The theoretical models are supported by a wealth of real-world examples, in order to provide a study of strategic delegation that is far more in-depth than has previously been found in the literature on industrial organization. In this volume, analysis is extended in several directions to cover applications concerning the role of: managerial firms in mixed market; collusion and mergers; divisionalization and vertical relations; technical progress; product differentiation; international trade; environmental issues; and the intertemporal growth of firms. This book is of great interest to those who study industrial economics, organizational studies and industrial studies.