The problem of managerial agency costs dominates debates in corporate law. Many leading scholars advocate reforms that would reduce agency costs by forcing firms to allocate more control to shareholders. Such proposals disregard the costs that shareholders avoid by delegating control to managers...

While alleviating the adverse effects of employees’ pursuit of their subgroups’ goals over organizational goals is important, finding ways to avoid them may be even more important. In this paper, we investigate whether strategic planning can be used to reduce organizational members’...

This paper builds on Riordan and Williamson (1985) by exploring the economizing choice of organizational form by firms competing in a homogeneous-good market. The paper investigates rivalrous firms' investment and organization choice in a Cournot competition. The model suggests that both...

This paper builds on Riordan and Williamson (1985) by exploring the economizing choice of organizational form by firms competing in a homogeneous-good market. The paper investigates rivalrous firms' investment and organization choice in a Cournot competition. The model suggests that both...

Personal strategies of owners/founders of small business startups are related to performance and to environmental uncertainty. This is done using a longitudinal data set of some 50 Dutch startups. The results suggest a dynamic process between strategy and performance.A discrimination is made...