Alternative Theories of the Firm

Alternative Theories of the Firm

Author: Michael Pirson

Publisher: Routledge

ISBN: 9781000515893

Category: Business & Economics

Page: 424

View: 771

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The Theory of the Firm is commonly viewed as axiomatic by business school academicians. Considerations 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 threatens 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 wellbeing of society.

The Theory of the Firm

The Theory of the Firm

Author: Nicolai J. Foss

Publisher: Taylor & Francis

ISBN: 0415196388

Category: Business & Economics

Page: 488

View: 750

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Includes over 60 classic papers, these volumes collect together contributions on the theory of the firm, beginning with Ronald Coase's classic work of 1937 and ending with important papers published as late as 1998.

Social Norms and the Theory of the Firm

Social Norms and the Theory of the Firm

Author: Douglas E. Stevens

Publisher: Cambridge University Press

ISBN: 9781108530194

Category: Business & Economics

Page:

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For decades, the economic theory of the firm referred to as agency theory has dominated business research and education in the United States. Although agency theory has been influential in accounting, finance, and managerial economics, it lacks informal and nonfinancial controls. Douglas E. Stevens resolves to enhance this theory through the incorporation of social norms. Drawing on historical context related to the firm, the theory of the firm, and social norm theory related to the firm, he demonstrates the importance of social norms in the formation and development of free-market capitalism and the firm. He also describes the latest theoretical, experimental, and archival evidence to exhibit the growing body of research that incorporates social norms into the theory of the firm. These foundations enable Stevens to create a comprehensive roadmap of agency theory that will have strong implications for practice and public policy.

Resource-Based and Evolutionary Theories of the Firm

Resource-Based and Evolutionary Theories of the Firm

Author: Cynthia A. Montgomery

Publisher: Springer Science & Business Media

ISBN: 9781461522010

Category: Business & Economics

Page: 273

View: 106

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Resource-Based and Evolutionary Theories of the Firm: Towards a Synthesis explores the intersection of evolutionary theories of the firm with an emergent body of research in the field of strategic management that has been broadly referred to as the `resource-based view of the firm'. The volume approaches strategic questions from several vantage points, thereby fostering a useful cross-fertilization of ideas. The views presented spring from a variety of sources, namely the principles of strategic management, organisation economics, and population ecology.

Handbook on the Economics and Theory of the Firm

Handbook on the Economics and Theory of the Firm

Author: Michael Dietrich

Publisher: Edward Elgar Publishing

ISBN: 9781781002407

Category: Business & Economics

Page: 500

View: 937

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This unique Handbook explores both the economics of the firm and the theory of the firm, two areas which are traditionally treated separately in the literature. On the one hand, the former refers to the structure, organization and boundaries of the firm, while the latter is devoted to the analysis of behaviours and strategies in particular market contexts. the novel concept underpinning this authoritative volume is that these two areas closely interact, and that a framework must be articulated in order to illustrate how linkages can be created. This interpretative framework is comprehensively developed in the editors' introduction, and the expert contributors – more than fifty academics of renowned authority – further elaborate on the linkages in the seven comprehensive sections that follow, encompassing: background; equilibrium and new institutional theories; the multinational firm; dynamic approaches to the firm; modern issues; firms' strategies; and economic policy and the firm. Bridging economics and theory of the firm, and providing both technical and institutional perspectives on real corporations, this path-breaking Handbook will prove an invaluable resource for academics, researchers and students in the fields of economics, heterodox economics, business and management, and industrial organization.

Alternative Theories of Competition

Alternative Theories of Competition

Author: Jamee K. Moudud

Publisher: Routledge

ISBN: 9780415686877

Category: Business & Economics

Page: 362

View: 976

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This book takes a radically different approach to the analysis of competition by rejecting the perfect vs. imperfect competition dichotomy and draws on the insights of classical political economists such as Marx, Schumpeter, Hayek and Andrews.

Managerial Economics, 8th Edition

Managerial Economics, 8th Edition

Author: Dwivedi D.N.

Publisher: Vikas Publishing House

ISBN: 9789325986688

Category: Business & Economics

Page:

View: 344

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This well-known book on the subject has stood the test of time for the last 35 years because of the quality of presentation of its text. It has become students’ favourite as it provides the latest theories, thoughts and applications on the subject with timely revisions to stay up-to-date all the time. Since its first edition, it has provided complete, comprehensive and authentic text on micro and macro aspects of managerial economics. It has now been revised thoroughly with added interpretations of economic theories and concepts and their application to managerial decisions. NEW IN THE EIGHTH EDITION • Summary at the end of each chapter for quick recap • One complete new chapter; several new sections Some New Important Sections • ‘Derivation of Demand Curve with Changing Marginal Utility of Money’, and ‘Why Demand Curve Slopes Downward to Right’ • ‘Expansion Path of Production’ and ‘Equilibrium of Multi-plant Monopoly’ • ‘Theory of Interest Rate Determination’ and ‘Monetary Sector Equilibrium’ • ‘Current Foreign Trade Policy of India’ and ‘Current Role of the IMF’ • ‘Monetary Policy’ and ‘Current Scenario of CSR in India’

The Theory of the Firm and Chinese Enterprise Reform

The Theory of the Firm and Chinese Enterprise Reform

Author: Qin Xiao

Publisher: Psychology Press

ISBN: 0415336554

Category: Business & Economics

Page: 232

View: 428

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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, and as such this is 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.

Economics

Economics

Author: John Sloman

Publisher: Pearson Education

ISBN: 0273705121

Category: Economics

Page: 860

View: 738

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Sloman's Economics has proven to be an extremely popular text, with consistently positive feedback from students. Comprehensive and completely up-to-date, this edition is the ideal introduction for students studying economics for the first time. And it's carefully designed to enhance learning and help your students to improve their marks too! Suitable for use on principles of economics courses on single or joint honours economics degree programmes, or on introductory economics courses as a part of a business, social science or other degree programme.

A Dynamic Theory of the Firm: Production, Finance and Investment

A Dynamic Theory of the Firm: Production, Finance and Investment

Author: Paul van Loon

Publisher: Springer Science & Business Media

ISBN: 9783642464829

Category: Business & Economics

Page: 194

View: 603

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This volume is the final result of the research project ''Micro growth model", that was sponsored by the Central Research Pool of Tilburg University, the Netherlands. Apart from the University Council for this important financial support, I owe Prof. Dr. Fiet Verheyen very much for the way in which he introduced me into scientific circles and for the way in which he supervised and stimulated my work. Dr. Jan de Jong and Peter Janssen C. E. , Technical University of Eindhoven, piloted me safely through the mathe matics of optimal control theory and removed some technical barriers. Their help was indispensable for the success of this project. I would also like to mention the kind support of Prof. Dr. Jack Kleijnen, who gave me many valuable hints on how to present the results of this project. In this way I was able to contact with several resear chers inside and outside the Netherlands. Most grateful I am to Prof. Dr. Charles Tapiero, Jerusalem University, who commented on important parts of this book in a constructive way and who suggested many subjects for further research. Also Mr. Geert Jan vsn Schijndel, Tilburg University, should be mentioned here, because he closely read the work and I appreciated his remarks and corrections very much. Many collea gues have contributed to the results of this research project in a direct or indirect way. Especially I should like to mention my contacts with Prof. Dr.