Steps towards a Theory of the Managed Firm (TMF)
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| Format: | Artículo científico |
| Langue: | en |
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Portal Universia S.A.
2013
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| _version_ | 1876481798372851712 |
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| author | J.C. Spender |
| author_facet | J.C. Spender |
| contents | Steps towards a Theory of the Managed Firm (TMF) J.C. Spender Administración y Contabilidad Coase strategy business model entrepreneurship managerial judgment In 1937 Ronald Coase posed several killer questions about the nature of the firm; why (a) do they exist, (b) are their boundaries where they are, (c) are their internal arrangements as they are, and (d) is their performance so varied. These questions precipitated new ‘theories of the firm’ - principal-agent theory, transaction cost analysis, and so on. In this paper I turn these questions around and into a critique of ‘rational man’ theorizing. I argue the fundamental nature of the firm is as a ‘managed’ context for the exercise of imagination and judgment. 2013 artículo científico 1698-5117 https://www.redalyc.org/articulo.oa?id=43328679003 en http://www.redalyc.org/revista.oa?id=433 Universia Business Review application/pdf Portal Universia S.A. Universia Business Review (España) Num.40 |
| format | Artículo científico |
| id | redalyc_43328679003 |
| institution | Redalyc |
| language | en |
| publishDate | 2013 |
| publisher | Portal Universia S.A. |
| spellingShingle | Steps towards a Theory of the Managed Firm (TMF) J.C. Spender Administración y Contabilidad Coase strategy business model entrepreneurship managerial judgment Steps towards a Theory of the Managed Firm (TMF) J.C. Spender Administración y Contabilidad Coase strategy business model entrepreneurship managerial judgment In 1937 Ronald Coase posed several killer questions about the nature of the firm; why (a) do they exist, (b) are their boundaries where they are, (c) are their internal arrangements as they are, and (d) is their performance so varied. These questions precipitated new ‘theories of the firm’ - principal-agent theory, transaction cost analysis, and so on. In this paper I turn these questions around and into a critique of ‘rational man’ theorizing. I argue the fundamental nature of the firm is as a ‘managed’ context for the exercise of imagination and judgment. 2013 artículo científico 1698-5117 https://www.redalyc.org/articulo.oa?id=43328679003 en http://www.redalyc.org/revista.oa?id=433 Universia Business Review application/pdf Portal Universia S.A. Universia Business Review (España) Num.40 |
| title | Steps towards a Theory of the Managed Firm (TMF) |
| topic | Administración y Contabilidad Coase strategy business model entrepreneurship managerial judgment |
| url | https://www.redalyc.org/articulo.oa?id=43328679003 |