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Erich Gutenberg und die Theorie der Unternehmung

Schmidt, Reinhard H. - 1998

Habilitationsschrift angelegt und in den Grundlagen der Betriebswirtschaftslehre entfaltet ist, und aktuellen Entwicklungen in der Theorie … (Betriebswirtschaftslehre), to show how closely the various functions and departments of an enterprise are interdependent. Thus, as the first … der Betriebswirtschaftslehre in the 1950s, his work was firmly rooted in the theory of the firm as it stood at the time …

Persistent link: https://www.econbiz.de/10010316296

Corporate Governance: The Role of Other Constituencies

Schmidt, Reinhard H. - 1997

management acting only on their behalf could exploit them because of the inevitable incompleteness of long-term contracts. One …

Persistent link: https://www.econbiz.de/10010316256

Use and abuse of authority: A behavioral foundation of the employment relation

Bartling, Björn; Fehr, Ernst; Schmidt, Klaus M. - 2012

Employment contracts give a principal the authority to decide flexibly which task his agent should execute. However, there is a tradeoff, first pointed out by Simon (1951), between flexibility and employer moral hazard. An employment contract allows the principal to adjust the task quickly to...

Persistent link: https://www.econbiz.de/10010316905

Consistency in Organization

Schlicht, Ekkehart - 2003

Recent thinking has emphasized the importance of consistency in a firm?s compensation policy. By starting from Williamson?s ideas about idiosyncratic exchange, this view can be supplied with some theoretical foundation. At the same time, the consistency view can be applied to a number of...

Persistent link: https://www.econbiz.de/10010261986

Cournot Competition between Teams: An Experimental Study

Schipper, Burkhard C.; Raab, Philippe - 2004

In the economic literature on market competition, firms are often modeled as single decision makers and the internal organization of the firm is neglected (unitary player assumption). However, as the literature on strategic delegation suggests, one can not generally expect that the behavior of...

Persistent link: https://www.econbiz.de/10010263110

Why Butterflies Don't Leave. Locational behaviour of entrepreneurial firms

Stam, Erik - 2006

Entrepreneurship is an important process in regional economic development. Especially the continued growth of a minority of new firms is of major significance to the commercialization of new ideas and employment growth. These growing new firms are transforming on a structural basis, like...

Persistent link: https://www.econbiz.de/10010263567

Community Enterprises: An institutional innovation

Frey, Bruno S.; Lüthi, Roger; Osterloh, Margit - 2011

Management research has long focused on the theory of the firm, studying for-profit organizations that produce …

Persistent link: https://www.econbiz.de/10010274756

Externalities, communication and the allocation of decision rights

Bester, Helmut - 2005

This paper views authority as the right to undertake decisions that impose externalities on other members of the organization. When only decision rights can be contractually assigned to one of the organization's stakeholders, the optimal assignment minimizes the resulting inefficiencies by...

Persistent link: https://www.econbiz.de/10010299085

Is More Entrepreneurship better?

Koellinger, Philipp; Roessler, Christian - 2009

We develop a new perspective on the boundary of the firm that is consistent with the empirical observation that the share of entrepreneurs first decreases and then increases in the course of economic development. Existing theory based on transaction costs is difficult to relate to these...

Persistent link: https://www.econbiz.de/10010325799

Division of labor, organizational coordination and markt mechanism in collective problem-solving

Marengo, Luigi; Dosi, Giovanni - 2003

This paper builds upon a view of economic system and individual economic organization as problem-solving arrangements and presents a simple model of adaptive problem-solving driven by trial-and-error and collective selection. The institutional structure, and in particular its degree of...

Persistent link: https://www.econbiz.de/10010328616