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In the paper, the interdependency between privatization and the growth of a new private sector is examined. While the dismantling of the omnipotent economic role of the state is a sine qua non for massive private investment, a vigorous private sector is needed to reduce unemployment and thus...
Persistent link: https://www.econbiz.de/10014073186
Frank Knight's theory of the entrepreneurial function in modern enterprise is explored in two contexts. The first is … the dismissal of the neoclassical theory of business enterprise by Berle and Means in The Modern Corporation and Private … context used to explore Knight's theory of entrepreneurship is his later arguments regarding the problem of intelligent …
Persistent link: https://www.econbiz.de/10013132632
This paper studies the effects of tariffs on intra-firm trade. Building on the Antràs and Helpman (2004) North-South theoretical framework, I show that higher Northern tariffs reduce the incentives for outsourcing and offshoring, while higher Southern tariffs have the opposite effects. I also...
Persistent link: https://www.econbiz.de/10010286321
inflating the role of relational norms but by explicating a new positive theory of contract design …
Persistent link: https://www.econbiz.de/10012721209
Interorganizational trust is an important factor affecting the actions and performance of organizations engaged in strategic alliances and in other dyadic and network relationships. In this article, we examine and consolidate the empirical scholarship on interorganizational trust in the...
Persistent link: https://www.econbiz.de/10014047273
Herein I outline an alternative theory of contract and contract enforcement. This theory is based upon two claims, one … positive and one normative. The first claim is that incomplete contracting theory fails to explain how economic actors govern …
Persistent link: https://www.econbiz.de/10014055299
This paper considers an agency model in which the principal is privately informed of her production technology. In our model, the principal can require the agent to adopt the principal’s technology for production, or alternatively, to adopt a technology in the market. Information about the...
Persistent link: https://www.econbiz.de/10014200218
literature that an organization should be seen as a "nexus of contracts." It develops an explicit theory of delegation of …
Persistent link: https://www.econbiz.de/10014048273
Digital transformation is increasingly recognised as a means to help unlocking the benefits of more inclusive and sustainable growth and enhanced social well-being. In the environmental context, digitalisation can contribute to decoupling economic activity from natural resource use and their...
Persistent link: https://www.econbiz.de/10013174588
This paper analyzes the growth and evolution of Knauf CIS Group from 1992 to 2012. The study defines the features and characteristics of the firm’s corporate policies including production and operations, marketing, HR management, and societal engagement. These policies have enabled Russian...
Persistent link: https://www.econbiz.de/10014152444