Theory of the firm

By Marc Lavoie. 2014

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Reverse knowledge transfer in MNEs: : subsidiary innovativeness and entry modes (2014, background): “A central argument of the managerial theory of the firm is that managers allocate scarce resources to a range of tasks (Spulber, 2009).”
Moderating effects of corporate governance mechanism on the relation between capital structure and firm performance (2021, background): “(2015) shows that the capital structure has a significant positive effect on profitability and dividend payments. However, the Mardones and Cuneo (2020) study show that there is no significant relationship between capital structure and firm performance (Return on Equity and Return on Assets). Furthe”
Socially Responsible Firms (2016, background): “…have focused on possible mechanisms constraining these agency problems, such as contract design, incentive systems, and internal controls (see Holmstrom and Tirole (1989), Prendergast (1999), and Bebchuk and Weisbach (2010) for reviews), as well as on external mechanisms such as labor,…”
Slipping the surly bonds: The value of autonomy in self-employment (2012, background): “…may even perform the exact same actions but at di¤erent times or in di¤erent manners, forms, or styles.1 The duty of loyalty a responsibility to place the employer s bene t ahead of one s own is replaced by the familiar bene t of full ownership of one s own e¤ort (Holmstrom and Tirole, 1989).”