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Investments in physical capital, relationship-specificity, and the property rights approach

Schmitz, Patrick W - C.E.P.R. Discussion Papers - 2013

We reconsider the property rights approach to the theory of the firm based on incomplete contracts. We explore the implications of different degrees of relationship-specificity when there are two parties, A and B, who can make investments in physical capital (instead of human capital). If...

Persistent link: https://www.econbiz.de/10011083975

Globalization and vertical structure : an empirical investigation ; conference paper

Bühler, Stefan; Burghardt, Dirk - 2014

This paper studies the effect of trade facilitation on vertical firm structure using plant-level data from Switzerland. Based on the Business Census and the Input-Output table, we first calculate a binary measure of vertical integration for all plants registered in Switzerland. We then estimate...

Persistent link: https://www.econbiz.de/10010483310

Needs, Modes and Efficiency of Economic Organizations and Public Interventions in Agriculture

Bachev, Hrabrin - Volkswirtschaftliche Fakultät, … - 2010

Economics (combining Economics, Organization, Law, Sociology, Behavioral and Political Sciences) and suggests a framework for …

Persistent link: https://www.econbiz.de/10008680295

Managerial Authority in the Coasean Firm : An Entrepreneurial Perspective

Foss, Kirsten - 2016

economics and management research on intrafirm coordination. To do so, we make use of work by Coase that is relatively little …

Persistent link: https://www.econbiz.de/10012999896

A Knowledge-based Theory of the Firm - A Problem-solving Perspective

Nickerson, Jackson A.; Zenger, Todd - 2014

Knowledge-based theorists have developed two primary arguments to explain the existence of firms: one based on avoiding knowledge transfer and the other based on facilitating knowledge transfer. These arguments are not only contradictory, but also fail to predict when hierarchies supplant...

Persistent link: https://www.econbiz.de/10014028862

A Knowledge-Based Theory of the Firm - a Problem-Solving Perspective

Nickerson, Jackson A.; Zenger, Todd - 2014

Persistent link: https://www.econbiz.de/10014029564

Incomplete Contingent Labor Contract, Asymmetric Residual Rights and Authority, the Theory of the Firm

Yang, Xiaokai - 2000

In the paper the trade-offs among endogenous transaction costs caused by two-sided moral hazard, exogenous monitoring cost, and economies of specialization are specified in a Grossman, Hart, and Moore (GHM) model to absorb Maskin and Tirole's recent critique and Holmstrom and Milgrom's criticism...

Persistent link: https://www.econbiz.de/10014160819

Corporate governance

Lehmann, Erik - 2018 - Version , November 19th 2018

interdisciplinary concept encompassing academic fields like finance, economics, accounting, law, taxation and psychology, among others …

Persistent link: https://www.econbiz.de/10011928257

The new institutional economics - main theories

Obińska-Wajda, Emilia - In: E-Finanse : finansowy kwartalnik internetowy 12 (2016) 1, pp. 78-85

The aim of this arti cle is to show that the New Insti tuti onal Economics is an interdisciplinary stream combining … economics, law, organizati on theory, politi cal sciences, sociology, and anthropology. The main theories which are part of the … New Insti tuti onal Economics are: Agency Theory, Property Rights Theory and Transaction Costs Theory. The basic …

Persistent link: https://www.econbiz.de/10011539833

The firm versus the market : dehomogenizing the transaction cost theories of Coase and Williamson

Bylund, Per L. - In: Strategic management review : SMR 2 (2021) 1, pp. 79-118

Persistent link: https://www.econbiz.de/10013457792