Nature and governance of the firm: in search of an integrated perspective
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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Volume (Year): 22 (2008)
Issue (Month): 4 ()
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