Detail Inside Versus Outside Ownership : A Political Theory of the Firm   Oleh:  Muller, Holger M. ; Warneryd, Karl Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 32 no. 3 (2001), page 527-541. Topik: OWNERSHIP; ownership; political theory; firm Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.6 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel If contracting within the firm is incomplete, managers will expend resources on trying to appropriate a share of the surplus that is generated. We show that outside ownership may alleviate the deadweight losses associated with such costly distributional conflict, even if all it does is add another level of conflict. In case managers have to be provided with incentives to make firm - specific investments, there is a tradeoff between minimizing conflict costs and maximizing output. This suggests, among other things, an explanation of why some firms are organized as partnerships and others as stock corporations. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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