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We analyse the effects of investment decisions and firms internal organisation on the efficiency and stability of …
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corporate policies - Financial policy (leverage), dividend policy, and investment policy. The two most oft-cited frictions …
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Contemporary literature dealing with the governance of the exploitation of common-pool natural resources was initiated by Elinor Ostrom in 1990, and has been growing fast ever since. On the contrary, within the same research stream, the study of the presence and economic role of common resources...
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contingent" on them making the right investment; ii) ownership has adverse effects on the incentive to specialize. " The theory …
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contingent" on them making the right investment; ii) ownership has adverse effects on the incentive to specialize. " The theory …
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modern compensation theory, but has not been extended to organization theory. The idea is developed by starting from … Williamson's discussion of idiosyncratic exchange. The perspective sheds new light on several topics in the theory of the firm … of incentives, or the role of routines. It implies a "perceptional" theory of the firm that is "realistic" in the sense …
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