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Cultural variation in the theory of the firm

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  • DONALD W. KATZNER
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    Abstract

    This paper presents a model of the firm that includes the possibility of firm and employee on-the-job decision making based on alternatives to profit and utility maximization. Such alternatives are relevant and significant when explaining firm activity in cultural environments in which self-interest is not considered to be a primary force driving human behavior. Three types of firms are defined and their properties are compared: the Western firm, the Japanese firm, and the clan. The third is a combination of the first two.

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    Bibliographic Info

    Article provided by M.E. Sharpe, Inc. in its journal Journal of Post Keynesian Economics.

    Volume (Year): 28 (2006)
    Issue (Month): 2 (January)
    Pages: 277-293

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    Handle: RePEc:mes:postke:v:28:y:2006:i:2:p:277-293

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    Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=109348

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    Keywords: culture; decision making; Japanese firm; Western firm;

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