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We survey the phenomenon of the growth of firms drawing on literature from economics, management and sociology. We begin with a review of empirical "stylised facts" before discussing theoretical contributions. Firm growth is characterized by a predominant stochastic element, making it difficult...
Persistent link: https://www.econbiz.de/10010750933
Recent financial crises and scandals have focused attention on the system of governance and disclosure in a way many may never have imagined and few welcomed. Not only do reforms appear to be necessary to protect shareholders as well as other stakeholders, but also to develop a different...
Persistent link: https://www.econbiz.de/10008790526
The aim of this paper is to reconsider the link between vertical integration and disintegration which are traditionally opposed in the literature. The conception of integration and disintegration closely depends on the way we define the firm and its role. This paper focuses on human...
Persistent link: https://www.econbiz.de/10008791165
The purpose of this chapter is to provide an extended overview on the debate on the European firm, by articulating it against the backdrop of more traditional theories of the firm. The chapter also proposes a different interpretation of the issue by grafting the discussion into the...
Persistent link: https://www.econbiz.de/10011025928