This paper traces the origins and the growth implications of one of the most fundamental institutional changes in history. What constituted this change was the emergence of the economic and political corporations in late medieval Europe. quot;Corporationsquot; are defined here, consistent with...

In this study I analyze changes of an entire set of organizational of rules over time. I also analyze how the size of individual rules develops over time. The theoretical background for this study is based on the bureaucracy theory of Weber and his successors and on the considerations of the New...

Einführung -- Gegenstand des Internationalen Managements -- Eine institutionenökonomische Perspektive auf das internationale Management -- Die institutionelle Umwelt internationaler Unternehmen -- Die Begründung einer institutionellen Umwelt -- Die Legitimität institutioneller Umwelten --...

Financial institutions have both investors and customers. Investors, such as those who invest in stocks and bonds or private/public-sector guarantors of institutions, expect an appropriate risk-adjusted return in exchange for the financing and risk-bearing that they provide. Customers of a...

The management literature is paying increasing attention to the phenomenon of imitation. However, there are several gaps in understanding what drives firms imitative behaviors. Furthermore, a fragmented array of disciplinary perspectives has investigated imitation phenomena in the past. This...

It is sometimes observed that in our complex, technologically-dynamic world, legal institutions attempt to import science into law and export law’s problems to science. This essay assesses the relation of risk, science and law in the World Trade Organization (WTO). It responds to the question...

Coase’s work emphasized the economic importance of very small markets and made a new, more marginalist form of economic “institutionalism” acceptable within mainstream economics. A Coasean market is an association of persons with competing claims on a legal entitlement that can be traded....