Abstract This article tests Oliver Williamson's proposition that transaction cost economics can
explain the limits of firm size. Williamson suggests that diseconomies of scale are …

The mark of a capitalistic society is that resources are owned and allocated by such
nongovernmental organizations as firms, households, and markets. Resource owners …

THEORY OF THE FIRM: MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP
STRUCTURE Michael C. JENSEN and William H. MECKLING* 1. Intr Page 1 [8] Journal of …

This collection examines the forces, both external and internal, that lead corporations to
behave efficiently and to create wealth. Corporations vest control rights in shareholders, the …

This study proposes that hybrid organizational forms provide a way to overcome the agency
problems of adverse selection and moral hazard in selecting, assimilating, and monitoring …

Franchise contracts are identified as a hybrid form of economic organization. Motives for the
dominance of franchise arrangements are identified by examining the theoretical literature …

This article examines the relevance of the two main theories used to understand business
format franchising—resource scarcity theory and agency theory—for social venture …

In this volume, Michael Jensen and his collaborators present the foundations of an
integrated theory of organizations. The theory assumes that organizations are equilibrium …

One consequence of vertical integration is increased firm size with the related problem of
monitoring employees in a large enterprise. Writers on the theory of the firm suggest that this …

Este artigo integra elementos da teoria da agência, da teoria dos direitos de propriedade e
da teoria das finanças para desenvolver uma teoria da estrutura de propriedade da firma …