"The Theory of the Firm is commonly viewed as axiomatic by business school academicians. Considerations spanning … organizational structures, their boundaries and roles, as well as business strategies all relate to the theory of the firm. The … dominant theory of the firm poses that markets act perfectly to maximize the well-being of society when people act to maximize …

For decades, the economic theory of the firm referred to as agency theory has dominated business research and education … in the United States. Although agency theory has been influential in accounting, finance, and managerial economics, it … lacks informal and nonfinancial controls. Douglas E. Stevens resolves to enhance this theory through the incorporation of …

-Making -- Chapter 5: Disparity between Theory and Practice in Internationalization Process Research: Lessons Learned. …