In this paper a general equilibrium model is constructed to explain the emergence of firms and change in firm size by the tradeoff between economies of specialization and transaction cost. We show that firms emerge from the development of division of labor if the transaction efficiency for labor...

This article presents some of the findings of a large panel study, conducted form 1992 to 1994. The article focuses on the generic strategies that appear to attract Cameroonian firms and the relationship between strategy and performance.

Two ownership systems are compared: one where outsiders own the physical assets of firms and another where these assets are jointly owned by workers. Effort and side payments are self-enforced. Market-wide incentive constraints lead to restrictions on the distribution of profit between capital...

Two ownership systems are compared: one where outsiders own the physical assets of firms and another where these assets are jointly owned by workers. Effort and side payments are self-enforced. Market-wide incentive constraints lead to restrictions on the distribution of profit between capital...

It is common practice for firms to pool their expertise by forming parterships such as joint ventures and strategic alliances. A Central organizational problem in such parterships is that managers may behave noncooperatively in order to advance the interests of their parent firms. We ask whether...

The aim of this paper is to identify the factors that determine the survival of new firms in Greek manufacturing in the 1982-1992 period.

The purpose of this paper is to investigate the productivity gap between Canadian and U.S. Firms and its underlying factors since 1985.

The aim of this paper is to identify the factors that determine the survival of new firms in Greek manufacturing in the 1982-1992 period.

Drawing upon diverse streams of theorizing within the organizational literature, this paper proposes an integrated view of corporate and business strategy as "design", which poses a dual challenge to firms involving content and process.

This paper provides empirical evidence on the relationship between organizational structure and performance at bank holding companies (BHCs). First, we study a panel of U.S. commercial banks to see how holding-company affiliation affects lending, capital, and income. We find that membership in a...