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wirtschaftlichen und rechtlichen Grundlagen der Unternehmensfinanzierung ein. Er analysiert praxisnah und disziplinenübergreifend die …
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This paper enriches the celebrated Grossman-Hart-Moore (GHM) property-rights model with employment relationships. By combining the GHM view of the firm as a bundle of asset ownership with the Alchian and Demsetz (1972) view of the firm as a nexus of contracts, the model yields, in some cases,...
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