This book explores the revolutionary development of the theory of
the firm over the past 35 years. Despite rapid progress in the
field, new developments in the microeconomic and industrial
organization literature have been relatively scant. This book
attempts to redress the balance by providing a comprehensive
overview of the theory of the firm before moving on to explore
firms and the organization of their economic activities. The
contributors investigate the impact of ownership structure and
board composition on firm performance, and examine how the
institutional framework of an economy affects investment decisions.
More specifically, detailed studies of topics including contracts,
authority, competence blocs, institutional impacts and corporate
governance mechanisms are presented. This unique blend of financial
economics and industrial organization perspectives on the corporate
firm will prove a stimulating read for scholars and researchers of
economics, business administration and law.
General
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