Obregon Diaz, Carlos Federico (2026): The Firm as a Community of Belonging.
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Abstract
This paper develops a theoretical model of the firm based on the concept of belonging, defined as the degree of relational and institutional integration of individuals within an organization. It proposes that belonging determines the structure of internal competition, cooperation, and overall firm performance. The model distinguishes between low-belonging equilibria characterized by internal conflict and inefficiency, and high-belonging equilibria characterized by cooperation and improved economic outcomes. The framework incorporates elements of game theory and institutional analysis to explain how organizational structures influence equilibrium selection. The paper contributes to the literature on institutional economics, organizational behavior, and firm theory by introducing belonging as a key explanatory variable linking micro-level interactions with macro-level performance.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | The Firm as a Community of Belonging |
| English Title: | The Firm as a Community of Belonging |
| Language: | English |
| Keywords: | Belonging Philosophy of Belonging Firm Theory Organizational Economics Institutional Economics Corporate Governance Organizational Culture Cooperation and Competition Game Theory Nash Equilibrium Social Capital Relational Economics Stakeholder Theory Business Ethics Organizational Performance Institutional Legitimacy Economic Sociology |
| Subjects: | D - Microeconomics > D2 - Production and Organizations > D21 - Firm Behavior: Theory D - Microeconomics > D2 - Production and Organizations > D23 - Organizational Behavior ; Transaction Costs ; Property Rights L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L20 - General L - Industrial Organization > L2 - Firm Objectives, Organization, and Behavior > L22 - Firm Organization and Market Structure M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M14 - Corporate Culture ; Diversity ; Social Responsibility O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O10 - General P - Economic Systems > P1 - Capitalist Systems > P16 - Political Economy |
| Item ID: | 128766 |
| Depositing User: | Mr. Carlos Obregón |
| Date Deposited: | 15 May 2026 15:11 |
| Last Modified: | 15 May 2026 15:11 |
| References: | References Works by Carlos Federico Obregón Díaz Obregón Díaz, C. F. (1982–2025). Complete works. Amazon Publishing / ResearchGate / Academia.edu. Classical management and economics Fayol, H. (1949). General and industrial management. Pitman. Porter, M. E. (1980). Competitive strategy. Free Press. Porter, M. E. (1985). Competitive advantage. Free Press. Taylor, F. W. (1911). The principles of scientific management. Harper & Brothers. Institutions, political economy, and society North, D. C. (1990). Institutions, institutional change and economic performance. Cambridge University Press. Polanyi, K. (1944). The great transformation. Beacon Press. Weber, M. (1978). Economy and society. University of California Press. Shareholders, stakeholders, and responsibility Carroll, A. B. (1999). Corporate social responsibility: Evolution of a definitional construct. Business & Society, 38(3), 268–295. Elkington, J. (1997). Cannibals with forks: The triple bottom line of 21st century business. Capstone. Freeman, R. E. (1984). Strategic management: A stakeholder approach. Pitman. Friedman, M. (1970, September 13). The social responsibility of business is to increase its profits. The New York Times Magazine. Behavioral economics and psychology Kahneman, D. (2011). Thinking, fast and slow. Farrar, Straus and Giroux. Thaler, R. H., & Sunstein, C. R. (2008). Nudge: Improving decisions about health, wealth, and happiness. Yale University Press. Critical theory and power Agamben, G. (1998). Homo sacer: Sovereign power and bare life. Stanford University Press. Arendt, H. (1958). The human condition. University of Chicago Press. Foucault, M. (1977). Discipline and punish: The birth of the prison. Pantheon Books. Han, B.-C. (2015). The burnout society. Stanford University Press. |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/128766 |

