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Chapter 1: Strategy and Property Rights -- Chapter 2: Microfoundations for Strategy -- Chapter 3: The Property Rights Approach: An Overview -- Chapter 4: Ownership and Property Rights -- Chapter 5: Resources and Value Creation -- Chapter 6: Strategizing and Positioning -- Chapter 7: Property...
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Agency theory is one of the most important foundational theories in management research, but it rests on tenuous cognitive assumptions. We combine classical agency theory with a realistic theory of the intrinsically imperfect human potential for interpersonal sensemaking. This allows us to...
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How well do managers know the capabilities of the firms they manage? Such knowledge, which we refer to as managerial … choice in management research, assumes that managers perfectly know the capabilities of their firms. However, micro … this assumption is not in general warranted: Managers' meta-knowledge is in general imperfect. We therefore examine the …
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