Business, Management and Accounting
4 years ago

New perspective on firm governance challenges traditional shareholder-value models

1 view
RePEc: Research Papers in Economics
Nature and governance of the firm: in search of an integrated perspective
Jacques‐Laurent Ravix

Paper Summary

The firm is like a machine that turns resources and knowledge into products, and its governance involves everyone working together to learn and improve. This idea clashes with the usual focus on making shareholders happy.

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