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This paper presents a model of the firm that includes the possibility of firm and employee-on-the-job decision making based on alternatives to profit and utility maximization. Such alternatives are relevant and significant when explaining firm activity in cultural environments in which self...
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Recent years have witnessed an enormous amount of reorganization of the corporate sector in the US and in Europe. This paper examines the role of market competition for this trend in corporate reorganization. We find that at intermediate levels of competition the CEO of the corporation decides...
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Globalization has been identified by many experts as a new way firms organize their activities and as the emergence of human capital as the new stakeholder of the firm. This paper surveys recent work which examines the role of trade integration for these changes in corporate organization. More...
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modern compensation theory, but has not been extended to organization theory. The idea is developed by starting from … Williamson's discussion of idiosyncratic exchange. The perspective sheds new light on several topics in the theory of the firm … of incentives, or the role of routines. It implies a "perceptional" theory of the firm that is "realistic" in the sense …
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