The Origin of the Capitalist Firm An Entrepreneurial/Contractual Theory of the Firm /

The book addresses the entrepreneurial origin of the capitalist firm and its asymmetric contractual relationships between capitalists, workers, managers and entrepreneurs, and explains the origin of the firm by focusing on entrepreneurship. A hidden action model shows how assigning residual claim to...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Zhang, Weiying (Συγγραφέας, http://id.loc.gov/vocabulary/relators/aut)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: Singapore : Springer Singapore : Imprint: Springer, 2018.
Έκδοση:1st ed. 2018.
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
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245 1 4 |a The Origin of the Capitalist Firm  |h [electronic resource] :  |b An Entrepreneurial/Contractual Theory of the Firm /  |c by Weiying Zhang. 
250 |a 1st ed. 2018. 
264 1 |a Singapore :  |b Springer Singapore :  |b Imprint: Springer,  |c 2018. 
300 |a XVI, 196 p. 20 illus.  |b online resource. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
347 |a text file  |b PDF  |2 rda 
505 0 |a Preface to the second edition -- Preface to the first edition -- Acknowledgements -- Chapter 1 Introduction: Why Does Capital Hire Labour? -- Chapter 2 Marketing, Producing, Monitoring and the Assignment of Principalship -- Chapter 3 Marketing Ability, Personal Wealth and Capital-Hiring-Labour -- Chapter 4 A General Equilibrium Entrepreneurial Model of the Firm -- Chapter 5 Conclusions -- References -- Appendix 1: A Principal-agent Theory of Public Economy and Its Applications to China -- Appendix 2: Decision Rights, Residual Claim and Performance: A Theory of How Chinese State-owned Enterprise Reform Works. . 
520 |a The book addresses the entrepreneurial origin of the capitalist firm and its asymmetric contractual relationships between capitalists, workers, managers and entrepreneurs, and explains the origin of the firm by focusing on entrepreneurship. A hidden action model shows how assigning residual claim to entrepreneurs can provide a better overall incentive; a hidden information model demonstrates that capitalists are given priority and have authority to select the management, because capital can signal  entrepreneurial ability; and a general equilibrium entrepreneurial model shows that the equilibrium relationships between different members of the firm depend on the joint distribution of ability, wealth and risk attitudes in the population. Overall, the book reveals that the capitalist firm is more efficient, not only because it provides better incentives but also because it ensures that the most entrepreneurial people control the firm. . 
650 0 |a Entrepreneurship. 
650 0 |a Corporate governance. 
650 0 |a Industrial organization. 
650 1 4 |a Entrepreneurship.  |0 http://scigraph.springernature.com/things/product-market-codes/514000 
650 2 4 |a Corporate Governance.  |0 http://scigraph.springernature.com/things/product-market-codes/511020 
650 2 4 |a Industrial Organization.  |0 http://scigraph.springernature.com/things/product-market-codes/W31010 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9789811002205 
776 0 8 |i Printed edition:  |z 9789811002229 
776 0 8 |i Printed edition:  |z 9789811091094 
856 4 0 |u https://doi.org/10.1007/978-981-10-0221-2  |z Full Text via HEAL-Link 
912 |a ZDB-2-BUM 
950 |a Business and Management (Springer-41169)