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Nature and governance of the firm: in search of an integrated perspective

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  • Jacques-Laurent Ravix

Abstract

In this paper we argue that in order to analyse firm governance we need to reappraise the nature of the firm. Based on Austrian and Marshallian categories we consider the firm as a processor of production and knowledge, whose governance is implemented through the cooperative actions of stakeholders involved in a collective learning process. This interpretation conflicts with models of corporate governance based on shareholder-value principles.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal International Review of Applied Economics.

Volume (Year): 22 (2008)
Issue (Month): 4 ()
Pages: 463-478

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Handle: RePEc:taf:irapec:v:22:y:2008:i:4:p:463-478

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Related research

Keywords: nature of the firm; governance of the firm; processor of production and knowledge; stakeholders; shareholders; collective learning processes;

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Cited by:
  1. Jackie Krafft & Jacques-Laurent Ravix, 2009. "The Governance of the Knowledge-Intensive Firm in an Industry Life-Cycle Approach," Post-Print hal-00239286, HAL.

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