Business, Management and Accounting
8 years ago

Hierarchy shapes corporate governance more than we thought, study finds.

Legal Studies
Empirical insights into corporate contractarian theory
Daniel Attenborough

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The article explores how companies are like a bunch of contracts working together to run a business. It shows that rules in companies are made without strict laws. The study reveals that hierarchy in companies affects how rules are made. It also explains how the government helps create these rules with the market.