rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    non sort: The
    title: Origin of the Capitalist Firm
    sub title: An Entrepreneurial/Contractual Theory of the Firm
  name:
    name part: Zhang, Weiying.
    role:
      role term: creator
    role:
      role term: author.
    role:
      role term: aut
    role:
      role term: http://id.loc.gov/vocabulary/relators/aut
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: si
    date issued: 2018
    edition: 1st ed. 2018.
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XVI, 196 p. 20 illus. online resource.
  abstract: 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. .
  table of contents: 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. .
  note: by Weiying Zhang.
  subject:
    topic: Entrepreneurship
  subject:
    topic: Corporate governance
  subject:
    topic: Industrial organization
  subject:
    topic: Entrepreneurship
  subject:
    topic: Corporate Governance
  subject:
    topic: Industrial Organization
  classification: HB615
  classification: 658.421
  related item:
    title info:
      title: Springer eBooks
  identifier: 9789811002212
  identifier: https://doi.org/10.1007/978-981-10-0221-2
  record info:
    record creation date: 170814
    record change date: 20190703151143.0
    record identifier: 978-981-10-0221-2