The Role of Time in the Neoclassical Theory of the Firm

1976 ◽  
Vol 49 (4) ◽  
pp. 541
Author(s):  
E. Odgers Olsen, Jr.
Keyword(s):  
Theory Of The Firm ◽  
Neoclassical Theory

The Role of Corporate Law in the Theory of the Firm

1985 ◽  
Vol 28 (1) ◽  
pp. 179-191 ◽  
Author(s):  
Barry D. Baysinger ◽  
Henry N. Butler
Keyword(s):  
Theory Of The Firm ◽  
Corporate Law

scholarly journals The Leadership’s Fairness and Social Skills − the Very Foundation of the Management and Functionality of an Entity

2019 ◽  
Vol 3 (3) ◽  
pp. 19-24
Author(s):  
Alexandru Trifu
Keyword(s):  
Social Skills ◽  
Theory Of The Firm ◽  
Corporate Leadership ◽  
Leadership Qualities ◽  
Business Environments ◽  
Modus Vivendi ◽  
Hr Managers ◽  
Or Organization ◽  
The Impact

This paper is dealing with a very sensitive aspect of today’s environment within an entity: the Leadership and the new challenges of the new trends, ideas, and realities regarding the human factor, both from both the viewpoint of the management and the employees. The aim of the research is to analyze the role of the Leadership within corporate activities, different from what is known today by the syntagma “politically correctness”. An analysis of the literature in this domain based upon empirical observations through our own practice experiences leads to the verdict that, in this case, the corporate Leadership must be fair, as balanced as possible, empathic and pursuing the main goal(s) of the entity or organization, i.e., using skills and abilities to capacitate all employees, regardless of their gender, religion, beliefs, looks to reach the goal(s) in the benefit of corporation/organization, but also in the benefit of the employees and the environment. The methodological tools of the study are analytical and comparative methods, methods of logical generalization and scientific abstraction. Based on the analysis, it was concluded that the new approaches in theory of the firm are based on the qualities of the CEOs, how must be the behavior of the leaders, the importance of X and Y Economic models and, even, the impact of social and psychological aspects on Economics. In fact, it’s about the humanization of the entire management and the well-functioning of the entity is necessary to be based on human factors, but in a such manner, by training, by motivation, in order to capacitate all staff, all employees, no matters differences, to obtain the goals established and to gain benefits both for employees, management and for the firm/corporation in its relationships with the internal environment, but also with the natural and business environments. The results obtained can be useful for the owners of the enterprise and HR managers in terms of understanding the importance of leadership qualities in the successful functioning of the company and the formation of an understanding of the advisability of attracting a leader to work in various positions within the organization. Keywords: leadership, entity, emotional intelligence, social skills, politically correctness, modus vivendi.

scholarly journals THE USE OF COBB-DOUGLAS PRODUCTION FUNCTION IN MODELING PRODUCTION PROCESSES

2020 ◽  
Vol 30 (6) ◽  
pp. 822-829
Author(s):  
А.А. Mukhin
Keyword(s):  
Resource Dependence ◽  
Economies Of Scale ◽  
Incomplete Contracts ◽  
Economic Management ◽  
Neoclassical Theory ◽  
Basic Model ◽  
Fixed Assets ◽  
Udmurt Republic ◽  
The Given

Several alternative economic approaches to the study of organization are discussed in the literature: the neoclassical theory, the theory of transaction costs (the theory of specific assets), the theory of incomplete contracts (the theory of property rights), and the Agency theory (the theory of incentives). Recently, there have been approaches at the intersection of Economics and management: resource theory, knowledge theory, strategic theory, entrepreneurial theory; in the framework of sociology: network theory, the theory of resource dependence, the theory of institutional isomorphism, the theory of situational choice, the theory of strategic choice. The article deals with the basic model of neoclassical theory. The advantage of the neoclassical theory is that it emphasizes the role of technology in General and economies of scale in particular as factors that influence the size of production, turnover of organizations. Within the framework of the considered approach, a certain macrostructure is determined that carries out the costs of economic resources: fixed assets, the number of employees that affect the turnover of organizations. The task of rational economic management, which meets the Udmurt Republic, is to determine the forecast of turnover of organizations with the given resources and to calculate the necessary for its value of fixed assets, the number of employees.

Organizing, Organizations, and the Role of Social Media Conversations

2018 ◽  
pp. 62-78
Author(s):  
Veronica R. Dawson
Keyword(s):  
Social Media ◽  
Organizational Identity ◽  
Organization Theory ◽  
Theory Of The Firm ◽  
Organizational Participation ◽  
Making Sense ◽  
The Social ◽  
Social Media Platforms ◽  
Communicative Theory

This chapter traces the concept of organizational identity in organization theory and places it in the social media context. It proposes that organizational communication theories intellectually based in the “linguistic turn” (e.g., the Montreal School Approach to how communication constitutes organizations, communicative theory of the firm) are well positioned to illuminate the constitutive capabilities of identity-bound interaction on social media. It suggest that social media is more than another organizational tool for communication with stakeholders in that it affords interactants the opportunity to negotiate foundational organizational practices: organizational identity, boundaries, and membership, in public. In this negotiative process, the organizing role of the stakeholder is emphasized and legitimized by organizational participation and engagement on social media platforms. The Montreal School Approach's conversation–text dialectic and the communicative theory of the firm's conceptualization of organizations as social, are two useful concepts when making sense of organization–stakeholder interaction in the social media context.

Performance Feedback Persistence: Comparative Effects of Historical Versus Peer Performance Feedback on Innovative Search

2020 ◽  
pp. 014920632091622 ◽  
Author(s):  
Yang Ye ◽  
Wei Yu ◽  
Robert Nason
Keyword(s):  
Performance Feedback ◽  
Critical Role ◽  
Theory Of The Firm ◽  
Theoretical Development ◽  
Panel Regression ◽  
The Past ◽  
Likelihood Analysis ◽  
Peer Performance ◽  
Quasi Maximum Likelihood

Firms use aspirations to regulate innovative search activities, but peer and historical referents may contain different signals regarding performance feedback. Integrating insights from the literature on profit persistence with the behavioral theory of the firm, we propose a persistence-based framework of organizational innovative search that connects the persistence characteristics of feedback from peer and historical referents with innovative search. We first predict that feedback from peer referents is more persistent than feedback from historical referents. Further, we theorize that peer performance feedback produces more pronounced effects: Performance above (below) peer aspiration leads to less (more) innovative search compared with performance above (below) the historical aspiration level. In addition, because industries impose heterogeneous levels of profit persistence, the differential effect between peer and historical performance feedback on innovative search is likely to be more evident in highly persistent industries. Examining the research-and-development intensity of a comprehensive panel of Compustat manufacturing firms over the past 45 years, our results from quasi–maximum likelihood analysis and fixed-effect panel regression largely support our theoretical development. Our study extends a nascent understanding of aspiration heterogeneity by revealing and empirically confirming the critical role of persistence.

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