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Origin of the Capitalist Firm : An Entrepreneuria l-Contractual Theory of the...
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eBay item number:356362512895
Item specifics
- Condition
- Unit Type
- Unit
- Personalized
- No
- Country/Region of Manufacture
- United States
- ISBN
- 9789811002205
About this product
Product Identifiers
Publisher
Springer
ISBN-10
9811002207
ISBN-13
9789811002205
eBay Product ID (ePID)
219257180
Product Key Features
Number of Pages
Xvi, 196 Pages
Publication Name
Origin of the Capitalist Firm : an Entrepreneurial-Contractual Theory of the Firm
Language
English
Subject
Industries / General, Entrepreneurship, Corporate Governance
Publication Year
2017
Type
Textbook
Subject Area
Business & Economics
Format
Hardcover
Dimensions
Item Weight
156.6 Oz
Item Length
9.3 in
Item Width
6.1 in
Additional Product Features
Intended Audience
Scholarly & Professional
TitleLeading
The
Number of Volumes
1 vol.
Illustrated
Yes
Table Of Content
Preface to the second edition.- Preface to the first edition.- Acknowledgements.- Chapter 1 Introduction: Why Does Capital Hire Labour'.- Chapter 2 Marketing, Producing, Monitoring and the Assignment of Principalship.- Chapter 3 Marketing Ability, Personal Wealth and Capital-Hiring-Labour.- Chapter 4 A General Equilibrium Entrepreneurial Model of the Firm.- Chapter 5 Conclusions.- References.- Appendix 1: A Principal-agent Theory of Public Economy and Its Applications to China.- Appendix 2: Decision Rights, Residual Claim and Performance: A Theory of How Chinese State-owned Enterprise Reform Works.
Synopsis
Explains the origin of the firm by focusing on entrepreneurshipDiscusses why entrepreneurs monitor workers rather than workers monitoring entrepreneursCombines the contractual approach with the entrepreneurial approach to establish an entrepreneurial/contractual theory of the firm, The book addresses the entrepreneurial origin of the capitalist firm and its asymmetric contractual relationships between capitalists, workers, managers and entrepreneurs, and explains the origin of the firm by focusing on entrepreneurship. A hidden action model shows how assigning residual claim to entrepreneurs can provide a better overall incentive; a hidden information model demonstrates that capitalists are given priority and have authority to select the management, because capital can signal entrepreneurial ability; and a general equilibrium entrepreneurial model shows that the equilibrium relationships between different members of the firm depend on the joint distribution of ability, wealth and risk attitudes in the population. Overall, the book reveals that the capitalist firm is more efficient, not only because it provides better incentives but also because it ensures that the most entrepreneurial people control the firm.
LC Classification Number
HD62.5
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- u***h (1455)- Feedback left by buyer.Past 6 monthsVerified purchaseDVD’s appearance & condition was as described new, sealed condition. It was carefully packaged in a box with protective “air bags” & promptly shipped. This was a great quality transaction with excellent communication, providing a high value. 5-stars!Reply from: northwoodsvariety- Feedback replied by seller northwoodsvariety.- Feedback replied by seller northwoodsvariety.Thank you for the feedback!
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- 7***o (8)- Feedback left by buyer.Past 6 monthsVerified purchaseDVD arrived in new, unopened, pristine packaging as listed. Great experience with this seller - very prompt and courteous response to inquiries.Reply from: northwoodsvariety- Feedback replied by seller northwoodsvariety.- Feedback replied by seller northwoodsvariety.Thank you for the feedback!Akira Kurosawas Samurai 7 - Vol. 2: Escape from the Merchants (DVD, 2007,... (#355472396118)
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