In order to survive as a social institution a firm needs a
constitutional social contract, even though implicit, among its
stakeholders. This social contract must exist if an institution is
to be justified. The book focuses on two main issues: To find out
the terms of the hypothetical agreement among the firm's
stakeholders in an ex ante perspective and to understand the
endogenous mechanism generating appropriate incentives that induce
to comply with the social contract itself, as seen in the ex post
perspective.
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