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Brick Over Brick in the Theory of the Firm

Author

Listed:
  • Alexandru Trifu

    (Professor Ph.D., "Petre Andrei" University of Iasi, Romania)

Abstract

In this paper we are dealing with the aspect of double-way relationships between entrepreneurs/managers and the rest of the human resource of the firm/organisation. Nowadays, this theory of the firm is effectively in progress, or advancing, because new aspects, new features, new ideas occurred, highlighting and supporting our belief that both parties, i.e. Entrepreneurs/CEOs and, on the other hand, the staff/the employees are in transformation and are the beneficiaries of these new practices and ideas in the field. As examples, the use of theories Z, Y and a combination of them, theory of interference, enounced in this paper. But, above all, important is the comprehension of the firm/entity as a live mechanism, humanized one, capable to answer to the challenges within the business environment, the goal pursueted is that of gain, of profit for each and every part. Stable internal environment, performance in business environment.

Suggested Citation

  • Alexandru Trifu, 2019. "Brick Over Brick in the Theory of the Firm," Anuarul Universitatii „Petre Andrei” din Iasi / Year-Book „Petre Andrei” University from Iasi, Fascicula: Drept, Stiinte Economice, Stiinte Politice / Fascicle: Law, Economic Sciences, Political Scien, Editura Lumen, Department of Economics, vol. 24, pages 200-209, December.
  • Handle: RePEc:lum:rev11d:v:24:y:2019:i::p:200-209
    DOI: https://doi.org/10.18662/upalaw/41
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    References listed on IDEAS

    as
    1. 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.
    2. Ouchi, William, 1981. "Theory Z: How American business can meet the Japanese challenge," Business Horizons, Elsevier, vol. 24(6), pages 82-83.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    firm; entrepreneurs; employees; human resource; theories Y and Z; profit;
    All these keywords.

    JEL classification:

    • K1 - Law and Economics - - Basic Areas of Law
    • K2 - Law and Economics - - Regulation and Business Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior

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