Overview

This book explores the revolutionary development of the theory of the firm over the past 35 years. Despite rapid progress in the field, new developments in the microeconomic and industrial organization literature have been relatively scant. This book attempts to redress the balance by providing a comprehensive overview of the theory of the firm before moving on to explore firms and the organization of their economic activities. The contributors investigate the impact of ownership structure and board composition on firm performance, and examine how the institutional framework of an economy affects investment decisions. More specifically, detailed studies of topics including contracts, authority, competence blocs, institutional impacts and corporate governance mechanisms are presented. This unique blend of financial economics and industrial organization perspectives on the corporate firm will prove a stimulating read for scholars and researchers of economics, business administration and law.

Full Product Details

Author:   Per-Olof Bjuggren ,  Dennis C. Mueller
Publisher:   Edward Elgar Publishing Ltd
Imprint:   Edward Elgar Publishing Ltd
Dimensions:   Width: 15.60cm , Height: 2.80cm , Length: 23.40cm
Weight:   0.772kg
ISBN:  

9781848442252

ISBN 10:   1848442254
Pages:   424
Publication Date:   29 May 2009
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

Contents: Preface 1. Introduction: The Modern Firm, Corporate Governance and Investment Per-Olof Bjuggren and Dennis C. Mueller PART I: KEY ISSUES 2. Opening the Black Box of Firm and Market Organization: Antitrust Oliver E. Williamson 3. The Corporation: An Economic Enigma Dennis C. Mueller PART II: THE THEORY OF THE FIRM FROM AN ORGANIZATIONAL PERSPECTIVE 4. A Contractual Perspective of the Firm with an Application to the Maritime Industry Per-Olof Bjuggren and Johanna Palmberg 5. The Use of Managerial Authority in the Knowledge Economy Kirsten Foss 6. Competence and Learning in the Experimentally Organized Economy Gunnar Eliasson and Åsa Eliasson PART III: INVESTMENTS AND THE LEGAL ENVIRONMENT 7. Corporate Governance and Investments in Scandinavia – Ownership Concentration and Dual-Class Equity Structure Johan E. Eklund 8. The Cost of Legal Uncertainty: The Impact of Insecure Property Rights on Cost of Capital Per-Olof Bjuggren and Johan E. Eklund 9. The Stock Market, the Market for Corporate Control and the Theory of the Firm: Legal and Economic Perspectives and Implications for Public Policy Simon Deakin and Ajit Singh PART IV: THE BOARD, MANAGEMENT RELATIONS AND OWNERSHIP STRUCTURE 10. Institutional Ownership and Dividends Daniel Wiberg 11. Contracting Around Ownership: Shareholder Agreements in France Camille Madelon and Steen Thomsen 12. Board Governance of Family Firms and Business Groups with a Unique Regional Dataset Lluís Bru and Rafel Crespí 13. Better Firm Performance with Employees on the Board? R. Øystein Strøm 14. The Determinants of German Corporate Governance Ratings Wolfgang Drobetz, Klaus Gugler and Simone Hirschvogl 15. Top Management, Education and Networking Mogens Dilling-Hansen, Erik Strøjer Madsen and Valdemar Smith Index

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Author Information

Edited by Per-Olof Bjuggren, Professor of Economics, Jönköping International Business School, Jönköping University, Sweden and Dennis C. Mueller, Professor of Economics, University of Vienna, Austria

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