It is now widely acknowledged that institutions are a crucial factor in economic performance. Major developments have been made in our understanding of the nature and evolution of economic institutions in the last few years. This book brings together some key contributions in this area by...

Recommended readings (Machine generated): K.J. Arrow [1953], (1964), 'The Role of Securities in the Optimal Allocation of Risk-Bearing', Review of Economic Studies, 31 (2), April, 91-6 -- Peter A. Diamond (1967), 'The Role of a Stock Market in a General Equilibrium Model with Technological...

The book begins with a penetrating analysis of the main features of today's capitalism and in particular the conflict between shareholders and managers. It moves on to focus on the consequences of globalization in the decision-making processes of large corporations and represents an important...

Contents: Part I: An alternative theory of the firm -- 1. Why we need an alternative theory of the firm and its environment -- Part II: The firm and its environment -- 2. What is a firm? -- 3. What is an environment? -- 4. Modification and matching -- Part III: Explaining adaptation -- 5. The...

Recommended readings (Machine generated): Adams, R.B., B.E. Hermalin and M.S. Weisbach (2010), 'The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey', Journal of Economic Literature, 48 (1), 55-107. -- Audretsch, D.B. (1995), Innovation and Industry...

This topical book interprets firms, governments and economic change from an entrepreneurial perspective. Essentially, it applies the Austrian theory of human agency and evolutionary theories of the firm to explain economic organisation, the state and institutional change. Tony Yu begins by...

Contents: 1. Multinationals: -- in theory and practice -- 2. From FDI to the MNE: -- Hymer and the roots of ownership advantage -- 3. From innovation to internationalisation: the product cycle model -- 4. From multi-domestic hierarchy to network hierarchy -- 5. Trade and FDI revisited: -- the...

Recent corporate governance scandals have brought to the fore the inherent contradictions of a capitalism dominated by financial markets. This challenging book by Michel Aglietta and Antoine Rebérioux argues that capitalism's basic premise--that companies must be managed in the sole interest of...

The ideal firm has been studied over several centuries, yet little is known about what makes one successful and another fail. This pioneering book brings together leading researchers investigating the concept of the firm from a neuroscientific perspective

The world of multinational enterprises is changing dramatically. Their complex and dynamic international context presents them with special challenges--threatening their survival on one hand, and presenting them with unprecedented opportunities on the other. In this volume, international experts...