Ownership, Organization, and Private Firms' Efficient Use Of Resources  

Oleh:

Durand, Rodolphe ; Vargas, Vicente

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 24 no. 7 (Jul. 2003), page 667-676.
Topik: ORGANIZATION; private firms; productive efficiency; agency theory; data development analysis (DEA)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.12 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The principal - agent theory asserts that public firms' performance is driven by efficient capital and labor markets but is silent about non - listed private companies, which are less permeable to market forces (both capital and labor than are public companies). We propose and test a 2 x 2 framework distinguishing owner - controlled versus agent - led firms form firms with a flat versus multilayer organization. Our findings provide highly contrasted results and raise important issues for further study of private firms.

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