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Transaction cost, corporate governance and division of labor--A general equilibrium analysis of professional managers and its implication to China's practice

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  • Li, Ke
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File URL: http://www.sciencedirect.com/science/article/pii/S0275-5319(07)00007-4
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Article provided by Elsevier in its journal Research in International Business and Finance.

Volume (Year): 21 (2007)
Issue (Month): 3 (September)
Pages: 447-468

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Handle: RePEc:eee:riibaf:v:21:y:2007:i:3:p:447-468
Contact details of provider: Web page: http://www.elsevier.com/locate/ribaf

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  1. Eric Maskin & Jean Tirole, 1999. "Two Remarks on the Property-Rights Literature," Review of Economic Studies, Oxford University Press, vol. 66(1), pages 139-149.
  2. Raiser, Martin, 1997. "How are China's state-owned enterprises doing in the 1990s? Evidence from three interior provinces," China Economic Review, Elsevier, vol. 8(2), pages 191-216.
  3. Fama, Eugene F & Jensen, Michael C, 1983. "Separation of Ownership and Control," Journal of Law and Economics, University of Chicago Press, vol. 26(2), pages 301-325, June.
  4. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
  5. Richardson, G B, 1972. "The Organisation of Industry," Economic Journal, Royal Economic Society, vol. 82(327), pages 883-896, September.
  6. Sanford J. Grossman & Oliver D. Hart, 1987. "One Share/One Vote and The Market for Corporate Control," Working papers 440, Massachusetts Institute of Technology (MIT), Department of Economics.
  7. Jean-Francois Huchet & Xavier Richet, 2002. "Between Bureaucracy and Market: Chinese Industrial Groups in Search of New Forms of Corporate Governance," Post-Communist Economies, Taylor & Francis Journals, vol. 14(2), pages 169-201.
  8. Andrei Shleifer & Robert W. Vishny, 1996. "A Survey of Corporate Governance," NBER Working Papers 5554, National Bureau of Economic Research, Inc.
  9. Armen A. Alchian & Harold Demsetz, 1971. "Production, Information Costs and Economic Organizations," UCLA Economics Working Papers 10A, UCLA Department of Economics.
  10. Holmstrom, Bengt & Milgrom, Paul, 1991. "Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design," Journal of Law, Economics and Organization, Oxford University Press, vol. 7(0), pages 24-52, Special I.
  11. Andrei Shleifer & Robert W. Vishny, 1994. "Politicians and Firms," The Quarterly Journal of Economics, Oxford University Press, vol. 109(4), pages 995-1025.
  12. Holmstrom, Bengt & Tirole, Jean, 1991. "Transfer Pricing and Organizational Form," Journal of Law, Economics and Organization, Oxford University Press, vol. 7(2), pages 201-28, Fall.
  13. Liu, Guy Shaojia & Garino, Gaia, 2001. "Privatisation or Competition? A Lesson Learnt from the Chinese Enterprise Reform," Economic Change and Restructuring, Springer, vol. 34(1-2), pages 37-51.
  14. Yingyi Qian, 1996. "Enterprise reform in China: agency problems and political control," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 4(2), pages 427-447, October.
  15. Klein, Benjamin & Murphy, Kevin M, 1988. "Vertical Restraints as Contract Enforcement Mechanisms," Journal of Law and Economics, University of Chicago Press, vol. 31(2), pages 265-297, October.
  16. Lixin Colin Xu & Tian Zhu & Yi-min Lin, 2005. "Politician control, agency problems and ownership reform," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 13(1), pages 1-24, 01.
  17. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
  18. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
  19. Klein, Benjamin & Murphy, Kevin M, 1997. "Vertical Integration as a Self-Enforcing Contractual Arrangement," American Economic Review, American Economic Association, vol. 87(2), pages 415-420, May.
  20. Li Ke & An Tongliang, 2004. "Chinese Industrial Policy And The Reduction Of State-Owned Shares In China'S Listed Companies," Pacific Economic Review, Wiley Blackwell, vol. 9(4), pages 377-393, December.
  21. Hart, Oliver & Moore, John, 1990. "Property Rights and the Nature of the Firm," Journal of Political Economy, University of Chicago Press, vol. 98(6), pages 1119-1158, December.
  22. Sun, G. & Yang, X. & Yao, S., 2000. "Theoretical Foundation of Econonic Development Based on Networking Decisions in the Competitive Market," Papers 16, Chicago - Graduate School of Business.
  23. Fama, Eugene F, 1980. "Agency Problems and the Theory of the Firm," Journal of Political Economy, University of Chicago Press, vol. 88(2), pages 288-307, April.
  24. Lin, Cyril, 2001. "Corporatisation and Corporate Governance in China's Economic Transition," Economic Change and Restructuring, Springer, vol. 34(1-2), pages 5-35.
  25. Peter Buckley & Martin Carter, 1996. "The Economics of Business Process Design: Motivation, Information and Coordination Within the Firm," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 3(1), pages 5-24.
  26. Hart, Oliver, 1995. "Firms, Contracts, and Financial Structure," OUP Catalogue, Oxford University Press, number 9780198288817, December.
  27. Klein, Benjamin & Leffler, Keith B, 1981. "The Role of Market Forces in Assuring Contractual Performance," Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 615-641, August.
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