Tchipev, Plamen D (2016): Неокласическата парадигма и проблема за „фирмата“/ Neoclassical Paradigm and the Problem of Firm. Published in: Сборник доклади: "Алтернативи на икономическото развитие през XXI век: теория, политики, решения." (March 2016): pp. 92-104.
|
PDF
MPRA_paper_80101.pdf Download (372kB) | Preview |
Abstract
Looking through a bit unusual perspective of the Corporate governance, the paper addresses the "paradox of the firm" which emerges in neoclassical economic paradigm and originates from Ronald Coase. It shows how the Transaction cost Economics tries to resolve the paradox and why it fails in this attempt. Some implications on Corporate governance are drown.
Item Type: | MPRA Paper |
---|---|
Original Title: | Неокласическата парадигма и проблема за „фирмата“/ Neoclassical Paradigm and the Problem of Firm |
English Title: | Neoclassical Paradigm and the Problem of Firm |
Language: | Bulgarian |
Keywords: | neoclassical economics paradigm, the firm, the corporation, corporate governance. |
Subjects: | B - History of Economic Thought, Methodology, and Heterodox Approaches > B2 - History of Economic Thought since 1925 > B25 - Historical ; Institutional ; Evolutionary ; Austrian D - Microeconomics > D2 - Production and Organizations > D21 - Firm Behavior: Theory D - Microeconomics > D2 - Production and Organizations > D23 - Organizational Behavior ; Transaction Costs ; Property Rights G - Financial Economics > G3 - Corporate Finance and Governance > G30 - General |
Item ID: | 80101 |
Depositing User: | Plamen D Tchipev |
Date Deposited: | 11 Jul 2017 06:12 |
Last Modified: | 21 Oct 2019 10:12 |
References: | Alchian, A.A. & Demsetz, H., (1972). Production, information costs, and economic organization. The American Economic Review, 62(5), p.777–795. Berle, A.A. and Means, G.C., (1991). The Modern Corporation and Private Property. Originally published in 1932 by Harcourt, Brace, & World, Inc., New Brunswick, NJ: Transaction Publishers. Coase, R. H., (1937). The nature of the firm. Economica, November, pp. 386-405. Fama, Eugene, and Michael Jensen, (1983a), Separation of ownership and control. Journal of Law and Economics 26, 301-325. Fama, Eugene, and Michael Jensen, (1983b), Agency problems and residuals claims. Journal of Law and Economics 26, 327-349, Fisher, S., (1977). Long-Term Contracting, Sticky Prices, and Monetary policy: Comment. Journal of Monetary Economics, 3(3), 317-323. Jensen, M.C. and W.H. Meckling, 1976, Theory of the firm: managerial behavior, agency costs, and ownership structure, Journal of Financial Economics, 3, 305–360. Levine, P., 2006. Economic Theory, Vol. 1, Oxford: Taylor & Francis, pp 360. Rothbard, M. N. (2009). Man, economy, and state. Ludwig von Mises Institute. Weintraub, E. Roy (1993) Neoclassical Economics: The Concise Encyclopedia of Economics | Library of Economics and Liberty. Retrieved January 9, 2016, from http://www.econlib.org/library/Enc1/NeoclassicalEconomics.html |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/80101 |