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The effect of family-oriented objectives on board composition
Basco, Rodrigo - Instituto de Economía Aplicada Regional, Facultad de … - 2012
why family members participate in board of directors. Although both socioemotional wealth approach and agency theory use …-making and preserve socioemotional wealth, agency theory argues that due to the difficulty of aligning the objectives, board of …-oriented objective has a positive effect on the presence of family members on the board of directors as agency theory and socioemotional …
Persistent link: https://www.econbiz.de/10010614154
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The Economic Theory of the Firm: A Generalization
M. Storchevoy. - In: VOPROSY ECONOMIKI 9 (2012)
The paper deals with development of a general theory of the firm. It discusses the demand for such a theory, reviews … existing approaches to its generalization, and offers a new variant of general theory of the firm based on the contract theory …. The theory is based on minimization of opportunistic behaviour determined by the material structure of production (a …
Persistent link: https://www.econbiz.de/10010860817
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Optimal regional conjunctive water management
Noel, Jay E. - In: American journal of agricultural economics 62 (1980) 3, pp. 489-498
Persistent link: https://www.econbiz.de/10002578887
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Creating Institutions for Survival Games Against Nature in Premodern Iceland
Eggertsson, Thráinn - 1994
"We are concerned here with the creation of non-market institutions for reducing the cost of risk in poor agrarian societies that operate at low levels of technology without the benefits of insurance, credit and other intertemporal markets. 1 Institutions, the formal and informal rules that...
Persistent link: https://www.econbiz.de/10009468491
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Family firms and the lease decision
Landry, Suzanne; Fortin, Anne; Callimaci, Antonello - In: Journal of Family Business Strategy 4 (2013) 3, pp. 176-187
Family firms play an important role in many economies around the world. Their governance may be motivated by both financial and nonfinancial concerns. This study investigates whether and how family ownership affects a particular strategic decision: to purchase or lease assets. More specifically,...
Persistent link: https://www.econbiz.de/10010875397
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The setting of non-financial goals in the family firm: The influence of family climate and identification
Cabrera-Suárez, Mª Katiuska; Déniz-Déniz, Mª de La Cruz - In: Journal of Family Business Strategy 5 (2014) 3, pp. 289-299
The article contributes to the literature on socioemotional wealth by analysing the drivers of non-financial goals in the family firm. We draw from family system and social identity literature to analyse how family dynamics affect the setting of non-financial goals suggesting that this influence...
Persistent link: https://www.econbiz.de/10011065833
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Yoram Barzel and the Economics of Institutions
Lueck, Dean - In: Man and the Economy 5 (2018) 2
Abstract This article examines the relationship between the work of Yoram Barzel and Institutional Economics. Barzel has developed a property rights/transaction cost approach to economics and has written on topics ranging from car racing to slavery to Jewish lending to voting rules in...
Persistent link: https://www.econbiz.de/10014615753
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Ökonomische Analyse des Rechts
Kirstein, Roland - Berkeley Electronic Press
Die Ökonomische Analyse des Rechts umweht in Deutschland immer noch der Hauch des Exotischen. In diesem Beitrag soll begründet werden, warum das ökonomische Entscheidungsmodell ganz hervorragend dazu geeignet ist, die Verhaltensfolgen von Gesetzen zu prognostizieren. Deshalb kann die ÖAR...
Persistent link: https://www.econbiz.de/10005086900
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The Coase Theorem and a Coasian construction economics and management research agenda
Lai, Lawrence Wai Chung; Ng, Felicity Wai Ngar; Yung, Ping - In: Construction Management and Economics 26 (2007) 1, pp. 29-46
social cost', and is not only compatible with, but also more general than, Coase's theory of the firm offered in his 1937 …
Persistent link: https://www.econbiz.de/10009277638
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The Cost Of Ownership In The Governance Of Interfirm Collaborations
Rialp-Criado, Josep; Fumas, Vicente Salas - Departament d'Empresa, Facultat d'Economia i Empresa - 2000
This paper investigates the selection of governance forms in interfirm collaborations taking into account the predictions from transaction costs and property rights theories. Transaction costs arguments are often used to justify the introduction of hierarchical controls in collaborations, but...
Persistent link: https://www.econbiz.de/10005488121