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Agency Problems and the Fate of Capitalism
Morck, Randall - 2013
Economics has firms maximizing value and people maximizing utility, but firms are run by people. Agency theory concerns the mitigation of this internal contradiction in capitalism. Firms need charters, regulations and laws to restrain those entrusted with their governance, just as economies need...
Persistent link: https://www.econbiz.de/10013094346
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National champions and economic growth
Fogel, Kathy; Morck, Randall; Yeung, Bernard - In: Industrial policy for national champions, (pp. 31-62). 2011
Persistent link: https://www.econbiz.de/10009269962
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The economic determinants of innovation
Morck, Randall (contributor); Yeung, Bernard (contributor) - 2001 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001574926
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The economic determinants of innovation
Morck, Randall; Yeung, Bernard - In: Productivity issues in Canada, (pp. 361-418). 2002
Persistent link: https://www.econbiz.de/10001788527
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The Economic Determinants of Innovation
Morck, Randall - 2013
This paper describes what economists know, suspect, and guess about the underlying determinants of innovation. It … guide to avoiding public policy gaffes. A few general facts about innovation are relatively clear. Countries that show more … evidence of innovation are richer and grow faster. Companies that show more evidence of innovation post better financial …
Persistent link: https://www.econbiz.de/10013080767
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Innocents abroad : the hazard of international joint ventures with pyramidal group firms
Perkins, Susan; Morck, Randall; Yeung, Bernard - In: Global strategy journal : GSJ 4 (2014) 4, pp. 310-330
Persistent link: https://www.econbiz.de/10010461265
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Alternative mechanisms for corporate control
Morck, Randall; Shleifer, Andrei; Vishny, Robert W. - 1988
Persistent link: https://www.econbiz.de/10000754890
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Do managerial objectives drive bad acquisitions?
Morck, Randall; Shleifer, Andrei; Vishny, Robert W. - 1989
Persistent link: https://www.econbiz.de/10000769999
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Banks and corporate control in Japan
Morck, Randall; Nakamura, Masao - In: The journal of finance : the journal of the American … 54 (1999) 1, pp. 319-339
Persistent link: https://www.econbiz.de/10001355211
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Special issues relating to corporate governance and family control
Morck, Randall - 2004
"Control of corporate assets by wealthy families in economies lacking institutional integrity is common. It has negative implications on corporate governance and adverse macroeconomic effects when it extends across a sufficiently large part of the country's corporate sector. Morck and Yeung...
Persistent link: https://www.econbiz.de/10010522928