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On Some «Dimensions» of the Theory of the Firm

Author

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  • Annamaria Stramaglia

    () (Facolta' di Giurisprudenza, Universita' degli Studi di Foggia)

Abstract

The present work contributes to the debate on the theory of the firm. We focus our attention on three aspects: the role of the entrepreneur, the importance of co-ordination mechanisms within and outside the firm, and the fact that the growth of the firm may be governed by stochastic processes. The emphasis on the entrepreneur is justified by the fact that the latter has been often forgotten by the theory. The attention to co-ordination is important in pointing out that firms are not islands closely organised inside and are not connected with other firms and consumers only by pure market relations; here we recall various analyses concerned with business groups. Finally, we refer to Gibrat’s Law as a possible explanation of firms’ growth processes, together with other explanations.

Suggested Citation

  • Annamaria Stramaglia, 2010. "On Some «Dimensions» of the Theory of the Firm," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 118(2), pages 199-223.
  • Handle: RePEc:vep:journl:y:2010:v:118:i:2:p:199-223
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    More about this item

    Keywords

    Entrepreneur; Firm size; Firm growth;

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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