63
Views
1
CrossRef citations to date
0
Altmetric
Original Articles

Nature and governance of the firm: in search of an integrated perspective

Pages 463-478 | Published online: 06 Jun 2008

References

  • Alchian , A.A. and Demsetz , H. 1972 . Production, information costs, and economic organization . American Economic Review , 62 : 777 – 795 .
  • Alchian , A.A. and Woodward , S. 1988 . The firm is dead, long live the firm, Review of Oliver E. Williamson’s ‘The Economic Institutions of Capitalism’ . Journal of Economic Literature , 26 : 65 – 79 .
  • Aoki , M. 1984 . The co‐operative game theory of the firm , Oxford : Oxford University Press .
  • Bachelard , G. 1934 . Le nouvel esprit scientifique , Paris : Presses Universitaires de France .
  • Baker , G. , Gibbons , R. and Murphy , K.J. 2002 . Relational contracts and the theory of the firm . Quarterly Journal of Economics , 117 : 39 – 84 .
  • Berle , A. and Means , G. 1932 . Private property and the modern corporation , New York : Macmillan .
  • Blair , M. 1995 . Ownership and control: rethinking corporate governance for the twenty first century , Washington, DC : Brookings Institution Press .
  • Bolton , P. and Scharfstein , S. 1998 . Corporate finance, the theory of the firm and organization . Journal of Economic Perspectives , 12 : 95 – 114 .
  • Coase , R. 1937 . The nature of the firm . Economica (NS) , 4 : 386 – 405 .
  • Coase , R. 1972 . “ Industrial organization: a proposal for research ” . In Policy issues and research opportunities in industrial organization , Edited by: Fuchs , V.R. New York : NBER/Columbia University Press .
  • Coase , R. 1988 . The nature of the firm: origin, meaning, influence . Journal of Law, Economics and Organization , 4 : 3 – 59 .
  • Coase , R. 1992 . The institutional structure of production . American Economic Review , 82 : 713 – 719 .
  • Conner , K. and Prahalad , C.K. 1996 . A resource‐based theory of the firm: knowledge versus opportunism . Organization Science , 7 : 477 – 502 .
  • Demsetz , H. 1998 . Firms, contracts, and financial structure: Clarendon lectures in economics . Journal of Political Economy , 106 : 446 – 452 .
  • Donaldson , T. and Preston , L. 1995 . The stakeholder theory of corporation: concepts, evidence and implications . Academy of Management Review , 20 : 65 – 91 .
  • Dosi , G. , Levinthal , D. and Marengo , L. 2003 . Bridging contested terrain: linking incentive‐based and learning perspectives on organizational evolution . Industrial and Corporate Change , 12 : 413 – 436 .
  • Dosi , G. and Marengo , L. 2007 . On the evolutionary and behavioral theories of organization: a tentative roadmap . Organization Science , 18 : 491 – 502 .
  • Ellig , J. 2002 . “ Telecommunications mergers and theories of the firm ” . In Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization , Edited by: Foss , N.J. and Klein , P.G. 193 – 220 . Cheltenham, , UK : Edward Elgar .
  • Foss , N.J. 1994a . The theory of the firm: the Austrians as precursors and critics of contemporary theory . Review of Austrian Economics , 7 : 31 – 65 .
  • Foss , N.J. 1994b . Cooperation is competition: George Richardson on coordination and interfirm relations . British Review of Economic Issues , 16 : 25 – 49 .
  • Foss , N.J. 1999 . The use of knowledge in firms . Journal of Institutional and Theoretical Economics , 155 : 458 – 486 .
  • Foss , N.J. 2002 . “ Economic organization in the knowledge economy: an Austrian perspective ” . In Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization , Edited by: Foss , N.J. and Klein , P.G. 48 – 71 . Cheltenham, , UK : Edward Elgar .
  • Foss , N.J. and Christensen , J. 2001 . A market process approach to corporate coherence . Managerial and Decision Economics , 22 : 213 – 226 .
  • Fransman , M. 2004 . The telecoms boom and bust 1996–2003 and the role of financial markets . Journal of Evolutionary Economics , 14 : 396 – 406 .
  • Garicano , L. 2000 . Hierarchies and the organization of knowledge in production . Journal of Political Economy , 108 : 874 – 904 .
  • Garrouste , P. 2002 . “ Knowledge: a challenge for the Austrian theory of the firm ” . In Entrepreneurship and the firm: Austrian perspectives on economic organization , Edited by: Foss , N.J. and Klein , P.G. 72 – 87 . Cheltenham, , UK : Edward Elgar .
  • Garrouste , P. and Saussier , S. 2005 . Looking for a theory of the firm: future challenges . Journal of Economic Behaviour and Organization , 58 : 178 – 199 .
  • Gibbons , R. 2005 . Four formal(izable) theories of the firm? . Journal of Economic Behaviour and Organization , 58 : 200 – 245 .
  • Grossman , S. and Hart , O.D. 1986 . The costs and benefits of ownership: a theory of vertical and lateral integration . Journal of Political Economy , 94 : 691 – 719 .
  • Hart , O.D. 1995a . Firms, contracts and financial structure , Oxford : Oxford University Press .
  • Hart , O.D. 1995b . Corporate governance: some theory and implications . Economic Journal , 105 : 678 – 689 .
  • Hart , O.D. and Moore , J. 1990 . Property rights and the theory of the firm . Journal of Political Economy , 98 : 1119 – 1158 .
  • Hayek , F.A. 1937 . Economics and knowledge . Economica (NS) , 4 : 33 – 54 .
  • Hayek , F.A. 1948 . “ The use of knowledge in society ” . In Individualism and economic order , Edited by: Hayek , F.A. Chicago, IL : University of Chicago Press .
  • Hayek , F.A. 1978 . “ Competition as a discovery procedure ” . In New studies in philosophy, politics, economics and the history of ideas , Edited by: Hayek , F.A. Chicago, IL : University of Chicago Press .
  • Hicks , J.R. 1977 . Economic perspectives, further essays on money and growth , Oxford : Clarendon Press .
  • Holmström , B. 1999 . The firm as a subeconomy . Journal of Law, Economics and Organization , 15 : 74 – 102 .
  • Holmström , B. and Milgrom , P. 1994 . The firm as an incentive system . American Economic Review , 84 : 972 – 991 .
  • Holmström , B. and Roberts , J. 1998 . The boundaries of the firm revisited . Journal of Economic Perspectives , 12 : 73 – 94 .
  • Holmström , B. and Tirole , J. 1989 . “ Theory of the firm ” . In Handbook of industrial organization , Edited by: Schmalensee , R. and Willig , R. Amsterdam : North Holland .
  • Holmström , B. and Tirole , J. 1991 . Transfer pricing and organizational form . Journal of Law, Economics and Organization , 7 : 201 – 228 .
  • Jensen , M.C. 1986 . Agency cost of free cash flow, corporate finance, and takeovers . American Economic Review , 76 : 323 – 329 .
  • Jensen , M.C. and Meckling , W.H. 1976 . Theory of the firm: managerial behaviour, agency costs, and ownership structure . Journal of Financial Economics , 3 : 305 – 360 .
  • Jensen , M.C. and Meckling , W.H. 1992 . “ Specific and general knowledge, and organizational structure ” . In Contract in economics , Edited by: Werin , L. and Wijkander , H. 251 – 274 . Oxford : Basil Blackwell .
  • Kirzner , I.M. 1973 . Competition and entrepreneurship , Chicago : University of Chicago Press .
  • Kirzner , I.M. 1992 . The meaning of market process , London : Routledge .
  • Klein , P.G. 1996 . Economic calculation and the limits of organization . Review of Austrian Economics , 9 : 51 – 77 .
  • Klein , P.G. and Klein , S.K. 2002 . “ Do entrepreneurs make predictable mistakes? Evidence from corporate divestiture ” . In Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization , Edited by: Foss , N.J. and Klein , P.G. 173 – 192 . Cheltenham, , UK : Edward Elgar .
  • Kogut , B. and Zender , U. 1996 . What firms do? Coordination, identity, and learning . Organization Science , 7 : 502 – 518 .
  • Krafft , J. and Ravix , J.L. 2005 . The governance of innovative firms: an evolutionary perspective . Economics of Innovation and New Technology , 14 : 125 – 148 .
  • Krafft , J. and Ravix , J.L. 2008 . Corporate governance and the governance of knowledge: rethinking the relationship in terms of corporate coherence . Economics of Innovation and New Technology , : 79 – 95 .
  • Krafft , J. and Ravix , J.L. 2007 . The firm and its governance over the industry life‐cycle . Corporate Ownership and Control , 5 : 233 – 242 .
  • Kreps , D.M. 1996 . Markets and hierarchies and (mathematical) economic theory . Industrial and Corporate Change , 5 : 561 – 595 .
  • Lachmann , L. 1956 . Capital and its structure , Kansas City : Sheed Andrews and McMeel .
  • Lachmann , L. 1977 . Capital, expectations, and market process , Kansas City : Sheed Andrews and McMeel .
  • Lachmann , L. 1986 . The market as an economic process , Oxford : Basil Blackwell .
  • Langlois , R.N. and Robertson , P.L. 1995 . Firms, markets and economic change: a dynamic theory of business institutions , London : Routledge .
  • Loasby , B.J. 1976 . Choice, complexity and ignorance , Cambridge, , UK : Cambridge University Press .
  • Loasby , B.J. 1994 . “ Organisational capabilities and interfirm relations ” . In Metroeconomica 45
  • Loasby , B.J. 2002 . “ Explaining firms ” . In Entrepreneurship and the firm: Austrian perspectives on economic organization , Edited by: Foss , N.J. and Klein , P.G. 11 – 23 . Cheltenham, , UK : Edward Elgar .
  • Marshall , A. 1920 . Principles of economics , London : McMillan .
  • Maskin , E. and Tirole , J. 1999 . Unforeseen contingencies and incomplete contracts . Review of Economic Studies , 66 : 83 – 114 .
  • Ménard , C. 2004 . The economics of hybrids organizations . Journal of Institutional and Theoretical Economics , 160 : 345 – 376 .
  • Nelson , R. and Winter , S. 1982 . An evolutionary theory of economic change , Cambridge, MA : Harvard University Press .
  • O’Sullivan , M. 2000 . The innovative enterprise and corporate governance . Cambridge Journal of Economics , 24 : 393 – 416 .
  • Penrose , E. 1959 . The theory of the growth of the firm , London : Basil Blackwell .
  • Rajan , R. and Zingales , L. 1998 . Power in a theory of the firm . Quarterly Journal of Economics , 113 : 387 – 432 .
  • Ravix , J.L. 1998 . “ Cooperation and competition paradoxes in the theory of the organisation of industry ” . In Economic organization, capabilities and co‐ordination: essays in honour of G.B. Richardson , Edited by: Foss , N.J. and Loasby , B.J. London : Routledge .
  • Richardson , G.B. 1960 . Information and investment, a study in working of competitive economy , Cambridge, , UK : Cambridge University Press .
  • Richardson , G.B. 1972 . The organisation of industry . Economic Journal , 82 : 883 – 896 .
  • Richardson , G.B. 1975 . “ Adam Smith on competition and increasing returns ” . In Essays on Adam Smith , Edited by: Skinner , A.S. and Wilson , T. Oxford : Clarendon Press .
  • Rothbard , M.N. 1976 . “ Ludwig Von Mises and economic calculation under socialism ” . In The economics of Ludvig von Mises: toward a critical reappraisal , Edited by: Moss , L. Kansas City : Sheed and Ward .
  • Schleifer , A. and Vishny , R. 1997 . A survey on corporate governance . Journal of Finance , 52 : 737 – 783 .
  • Schumpeter , J.A. 1961 . The theory of economic development , Harvard economic studies series Oxford : Oxford University Press . (originally published 1934)
  • Teece , D.J. , Rumelt , R. , Dosi , G. and Winter , S. 1994 . Understanding corporate coherence: theory and evidence . Journal of Economic Behaviour and Organization , 23 : 1 – 30 .
  • Tirole , J. 1999 . Incomplete contracts: where do we stand? . Econometrica , 67 : 741 – 778 .
  • Wernerfelt , B. 1984 . A resource‐based view of the firm . Strategic Management Journal , 5 : 171 – 180 .
  • Williamson , O.E. 1975 . Market and hierarchies , New York : Free Press .
  • Williamson , O.E. 1985 . The economic institutions of capitalism , New York : Free Press .
  • Williamson , O.E. 1988 . Corporate finance and corporate governance . Journal of Finance , 43 : 567 – 591 .
  • Williamson , O.E. 1989 . “ Transaction costs economics ” . In Handbook of industrial organization , Edited by: Schmalensee , R. and Willig , R. Amsterdam : North Holland .
  • Williamson , O.E. 1991 . Comparative economic organization: the analysis of discrete structural alternatives . Administrative Science Quarterly , 36 : 269 – 296 .
  • Williamson , O.E. 2000 . The new institutional economics: taking stock, looking ahead . Journal of Economic Literature , 38 : 595 – 613 .
  • Zingales , L. 1998 . “ Corporate governance ” . In The new Palgrave: a dictionary of economics and the law , London : Stockton Press .
  • Zingales , L. 2000 . In search of new foundations . Journal of Finance , 55 : 1623 – 1653 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.