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

• Main Author: Zhang, Weiying (Author, http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Singapore : Springer Singapore : Imprint: Springer, 2018.
• Edition: 1st ed. 2018.
• Subjects: Entrepreneurship.; Corporate governance.; Industrial organization.; Corporate Governance.; Industrial Organization.

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...

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. .