The Theory of the Firm

The Theory of the Firm

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'The theory of the firm is the subject of a particularly large body of literature in economics. to select a balanced volume, therefore, is very challenging. the publisher of this book managed to find an able editor for this volume in the person of Mark Casson, who brings to bear a deep understanding of the literature. In addition to selecting a set of readings that gives the reader a complete overview of the development and current state into thematic sections that provide an excellent perspective, even for the established researcher in this field. . . . Scholars in both economics and management will find this collection a valuable resource.' - Ram Mudambi, Transnational Corporations the theory of the firm is one of the most exciting fields of current economic research. Transaction cost theory, agency theory, contract theory and competency-based theories have all made important contributions. Both the classic and key contemporary papers are included hence the Theory of the Firm gathers together in one volume the major key thinking within the literature. the main topics covered are the scope and boundaries of the firm, international organization and information costs, vertical integration, growth competence and flexibility, the employment relation, inter-firm collaboration and networking. A substantial analytical introduction by Mark Casson provides a state-of-the-art review of current thinking in the area.Manual workers are not specifically responsible for coping with unexpected emergent events. ... When needed, the repairmen, inspectors ... the production stream is often done by horizontal communication without the intervention of a supervisor, as the highly publicized aquot;kanban-systemaquot; at the Toyota factory exemplifies.

Title:The Theory of the Firm
Author:Mark Casson
Publisher:Edward Elgar Pub - 1996-01-01


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