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The Origin of the Capitalist Firm: An Entrepreneurial/Contractual Theory of the Firm
Weiying Zhang
€ 132.82
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Description for The Origin of the Capitalist Firm: An Entrepreneurial/Contractual Theory of the Firm
Hardback. Num Pages: 14 colour illustrations, biography. BIC Classification: KJMV; KJR. Category: (P) Professional & Vocational. Dimension: 235 x 155. .
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 ... Read more
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 ... Read more
Product Details
Publisher
Springer Verlag, Singapore
Format
Hardback
Publication date
2017
Condition
New
Number of Pages
196
Place of Publication
Singapore, Singapore
ISBN
9789811002205
SKU
V9789811002205
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Weiying Zhang
Weiying Zhang is the Sinar Mas Chair Professor of Economics National School of Development, Peking University. He received D. Phil in economics from Oxford. His research interests are industrial organization and theory of the firm; game and society; corporate governance; economic transition in China; law and economics; strategy and competitiveness and philosophy of economics. His published books including Game Theory ... Read more
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