The concept of the corporation
Abstract
This article describes the origins, development, and effect of the markets and hierarchies approach to the theory of the firm. It argues that the approach gives no coherent account of the legitimacy of corporate activity. Additionally, the model bears little relation to the reality of successful corporations. The author describes an alternative tradition for understanding business, owing more to organisation theory, corporate strategy, and...
Paper Details
Title
The concept of the corporation
Published Date
Jan 15, 2019
Journal
Volume
61
Issue
7
Pages
1129 - 1143
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Notes
History