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How Can Non-Profit Organizations Enhance Performance and Legitimize Their Operations?
Turnbull, Shann - 2014
The purpose of this paper is to identify how Non-Profit and government controlled Organizations (NPO’s) can improve and legitimize their operations while avoiding the conflicts of interest and unethical practices adopted by investor owned firms. The conflicts in investor firms arise from...
Persistent link: https://www.econbiz.de/10014160681
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Contracts, incentives and organizations : Hart and Holmström Nobel Laureates
Smirnov, Vladimir; Wait, Andrew - In: Review of political economy 29 (2017) 4, pp. 493-522
Persistent link: https://www.econbiz.de/10011882413
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A NEW APPROACH IN ECONOMICS: TRANSACTION COSTS THEORY
Andreea-Oana, Iacobuta - In: Annals of Faculty of Economics 2 (2009) 1, pp. 370-375
Ronald Coase article from 1937, The Nature of the Firm, meant a new way of thinking and conceiving of the world, especially of economic organisations. Coase argued that the firm and the market represent two alternative ways to organise the same transactio
Persistent link: https://www.econbiz.de/10008512074
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The Limitations of Corporate Governance Best Practices
Turnbull, Shann - 2012
This chapter identifies the limitations of what may commonly be accepted as “Best Practices” in Corporate Governance. Directors commonly obtain funds from venture capitalists and bankers by transferring to them some or all of their absolute powers that can corrupt themselves and their...
Persistent link: https://www.econbiz.de/10013114945
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Berkshire's disintermediation: Buffett's New Managerial Model
Cunningham, Lawrwence A. - 2015
Berkshire Hathaway, among history's largest and most successful corporations, shuns middlemen; its chairman, the legendary investor Warren Buffett, excoriates financial intermediaries. The acquisitive conglomerate rarely borrows money, retains brokers, or hires consultants. Its governance is...
Persistent link: https://www.econbiz.de/10011758401
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Multisided Platforms, Dynamic Competition, and the Assessment of Market Power for Internet-Based Firms
Evans, David S. - 2016
Market power on each side of a multisided platform, whether in the form of increasing prices or decreasing quality, is constrained by the risk of losing sales on the other sides. That tends to weaken market power on each side and encourages platforms to keep prices lower and quality higher than...
Persistent link: https://www.econbiz.de/10014128700
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Transaction Costs, Market Failure and Economic Development
Todorova, Tamara - 2016
This paper relates economic development to transaction costs. It reveals the triad transaction costs-market failure-economic underdevelopment. Many scholars attribute the problems of development to the failure of markets to perform their role of resource allocation. Some deny market failure and...
Persistent link: https://www.econbiz.de/10011633956
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How does opportunistic behavior influence firm size?
Cordes, Christian; Richerson, Peter J.; McElreath, Richard - 2006
This paper relates firm size and opportunism by showing that, given certain behavioral dispositions of humans, the size … cooperative regime among its employees that keeps in check opportunism. A model depicts the outstanding role of the entrepreneur … opportunism-related costs are a reason for keeping firms' size small. …
Persistent link: https://www.econbiz.de/10010266749
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How Does Opportunistic Behavior Influence Firm Size?
Cordes, Christian; Richerson, Peter J.; McElreath, Richard - Volkswirtschaft Abteilung, Fachbereich … - 2006
This paper relates firm size and opportunism by showing that, given certain behavioral dispositions of humans, the size … cooperative regime among its employees that keeps in check opportunism. A model depicts the outstanding role of the entrepreneur … opportunism-related costs are a reason for keeping firms' size small. …
Persistent link: https://www.econbiz.de/10005588050
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ECONOMIA COSTURILOR DE TRANZACTIE: DELIMITARI CONCEPTUALE SI PRELIMINARII EMPIRICE
Marinescu, Cosmin - Institutul National de Cercetari Economice (INCE), … - 2012
The study illustrates the fundamental theoretical research on the issue of transaction costs, as reflected in the institutional analysis entitled „Transaction Costs Economics”. In order to obtain the empirical operationalization of transaction costs and, so, the valuation of their...
Persistent link: https://www.econbiz.de/10010550703