Articoli correlati a The Origin of the Capitalist Firm: An Entrepreneurial/Contra...
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.
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L'autore:
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 and Information Economics, The Theory of the Firm and Chinese Enterprise Reform, The Logic of the Market: An Insider’s View of Chinese Economic Reform, etc. all have great academic impact. His insightful and provocative opinions about China’s reform have been widely reported both in China and in international media (such as WSJ, FT and NYT).
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- EditoreSpringer Nature
- Data di pubblicazione2017
- ISBN 10 9811002207
- ISBN 13 9789811002205
- RilegaturaCopertina rigida
- Numero edizione1
- Numero di pagine196
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The Origin of the Capitalist Firm
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Springer Nature Singapore Aug 2017
(2017)
ISBN 10: 9811002207
ISBN 13: 9789811002205
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Descrizione libro Buch. Condizione: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -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. 212 pp. Englisch. Codice articolo 9789811002205
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Descrizione libro Gebunden. Condizione: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. 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 soci. Codice articolo 91308046
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ISBN 13: 9789811002205
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Descrizione libro Buch. Condizione: Neu. Druck auf Anfrage Neuware - Printed after ordering - 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. Codice articolo 9789811002205
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Descrizione libro Hardcover. Condizione: Brand New. 196 pages. 9.25x6.25x0.75 inches. In Stock. Codice articolo x-9811002207
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ISBN 13: 9789811002205
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Descrizione libro Condizione: New. Num Pages: 14 colour illustrations, biography. BIC Classification: KJMV; KJR. Category: (P) Professional & Vocational. Dimension: 235 x 155. . . 2017. 1st ed. 2018. Hardcover. . . . . Codice articolo V9789811002205
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