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Corporations

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Author Info
Randall Morck

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Abstract

A corporation is an artificial person created for an economic purpose, as described in various aspects of the Theory of the Firm. Recent historical and comparative research shows that corporations in most countries come in groups, each controlled by a single principal. This has implications for various "theories of the firm". The perception that firms ought to be run to maximize shareholder value, though commonplace in financial economics, is also problematic in application.

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File URL: http://www.economics.harvard.edu/pub/hier/2006/HIER2101.pdf
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Publisher Info
Paper provided by Harvard - Institute of Economic Research in its series Harvard Institute of Economic Research Working Papers with number 2101.

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Date of creation: 2006
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Handle: RePEc:fth:harver:2101

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Web page: http://www.economics.harvard.edu/journals/hier
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  1. Roger H. Gordon & Joosung Jun, 1992. "Taxes and the Form of Ownership of Foreign Corporate Equity," NBER Working Papers 4159, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  2. Jeffrey D. Gramlich & Piman Limpaphayom & S. Ghon Rhee, 2002. "Taxes, Keiretsu Affiliation, and Income Shifting," Tinbergen Institute Discussion Papers 02-114/2, Tinbergen Institute. [Downloadable!]
  3. P. B. Oyelere, C. R. Emmanuel, 1998. "International transfer pricing and income shifting: evidence from the UK," European Accounting Review, Taylor and Francis Journals, vol. 7(4), pages 623-635, December. [Downloadable!] (restricted)
  4. Ahmed, S., 2004. "Modelling corporate tax liabilities using company accounts: a new framework," Cambridge Working Papers in Economics 0412, Faculty of Economics, University of Cambridge. [Downloadable!]
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This page was last updated on 2009-12-2.


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