The new theories of the firm suggest a view in which the relationship among the people who participate in the production activity of firms are at the heart of the definition of the firm itself. This new perspective gains relevance when firm-specific human capital investments are the source of ‘power’, as suggested by Rajan, Zingales (1998) and when ‘animate’ assets become the critical resource of the firm. In this new scenario, institutional arrangements to elicit effort and contribution are complex and qualify the firm as an incentive system
The stakeholder corporate governance view revisited
DAMIANI, Mirella
2009
Abstract
The new theories of the firm suggest a view in which the relationship among the people who participate in the production activity of firms are at the heart of the definition of the firm itself. This new perspective gains relevance when firm-specific human capital investments are the source of ‘power’, as suggested by Rajan, Zingales (1998) and when ‘animate’ assets become the critical resource of the firm. In this new scenario, institutional arrangements to elicit effort and contribution are complex and qualify the firm as an incentive systemFile in questo prodotto:
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