منابع مشابه
Why Do Firms Exist
The traditional explanation for the existence of firms in terms of transaction costs conceptualizes the firm as a problem in the context of neoclassical theory. The purpose of this paper is to consider the firm as a problem in the context of evolutionary theory. An evolutionary perspective calls for an explanation of the existence of firms in historical, rather than market, terms. The paper sho...
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Our survey of private manufacturing firms finds the size of hidden “unofficial” activity to be much larger in Russia and Ukraine than in Poland, Slovakia and Romania. A comparison of cross-country averages shows that managers in Russia and Ukraine face higher effective tax rates, worse bureaucratic corruption, greater incidence of mafia protection, and have less faith in the court system. Our f...
متن کاملWhy do Firms Gravitate to Selective Disclosure?
In this paper, we present a theoretical model to explain why firms gravitate to selective disclosure. We consider a setting where a firm chooses its disclosure policy to maximize its price informativeness (i.e., how much information is impounded in the price, measured by the posterior precision of true value conditional on the price) in a market with different types of traders. Through ex-ante ...
متن کاملWhy do firms repurchase stock?
1 In this paper, I investigate the relation between stock repurchases and distribution, investment, capital structure, corporate control, and compensation policies over the 1977 to 1996 period. I allow the significance of each motive to change over time to account for adjustments in the percentage of firms influenced by each motive. I find that, throughout the sample period, firms repurchase st...
متن کاملWhy Do Firms Have Information Systems?
In this essay, it is suggested that a multi-level interaction perspective offers insight in answering the fundamental question, “Why do firms have IS?” The role of humancomputer interaction (HCI) in firms is recast in this context and seen to be basic to the modern firm’s interactions more broadly, with implications for firm capabilities and organizational learning.
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ژورنال
عنوان ژورنال: Gospodarka Narodowa
سال: 2015
ISSN: 2300-5238
DOI: 10.33119/gn/100836