Browsing Research documents by Subject "property rights"
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The Political Implications of Limited Liability, Legal Personality and CitizenshipThompson, Grahame (Frederiksberg, 2011)[More information][Less information]
Abstract: This paper investigates the legal and commercial consequences of companies being considered as both an entity and a person in law – hence the notion of ‘cyborg’ in its title. It concentrates upon legal personhood and relates this particular feature to the issue of corporate citizenship. In turn corporate citizenship provides a link to considering the political role of companies, since in claiming citizenship they are implicitly at least claiming a particular set of political rights consequent upon that status, and announcing a particular politically constrained context associated with their operational characteristics. But what would be involved in granting companies full citizenship rights in the image of natural person citizenship? The paper explores this issue in connection to the differences between corporate social responsibility and an earlier idea of the socially responsible corporation that arose in the debate between Adolph Berle and Edwin Dodd in the 1930s, focussing on the notion of ‘enterprise entity analysis’ that was posed in that debate, and which has reappeared more recently. URI: http://hdl.handle.net/10398/8323 Files in this item: 1
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Eliasson, Gunnar; Wihlborg, Clas (København, 2003)[More information][Less information]
Abstract: The New Economy is closely associated with computing & communications technology, notably the Internet. We discuss property rights to, and trade in, the difficult-to-define intangible assets increasingly dominating the New Economy, and the possibility of under-investment in these assets. For a realistic analysis we introduce a Schumpeterian market environment (the experimentally organized economy). Weak property rights prevail when the rights to access, use, and trade in intangible assets cannot be fully exercised. The trade-off between the benefits of open access on the Internet, and the incentive effects of strengthened property rights, depend both on the particular strategy a firm employs to secure property rights, and the protection offered by law. Economic property rights can be strengthened if the originator can find innovative ways to charge for the intangible assets. The extreme complexity of the New Economy and the large number of possible innovative private contract arrangements make it more important to facilitate the use and enforcement of private individualized contracts to protect intellectual property than to rely only on standard mandatory patent and copyright law. Enabling law is one proposed solution. Current patent legislation in the US has led to costly litigation processes weakening the position of small firms and individuals in patent disputes. The property rights of such firms and individuals could be strengthened with insurance or arbitration procedures. Key words: Competence bloc theory, Enabling law, Experimentally Organized Economy, New Economy, Weak property rights, Tradability, Underinvestment. URI: http://hdl.handle.net/10398/6811 Files in this item: 1
wplefic052003.pdf (378.8Kb) -
Building Bridges Between the Economics of Property Rights and Strategic ManagementFoss, Kirsten; Foss, Nikolai J. (København, 2003)[More information][Less information]
Abstract: Abstract We forge linkages between the economics of property rights (Coase, Demsetz, Cheung, Barzel) and strategic management. Property rights to resources consist of the rights to consume, obtain income from, and alienate these resources. Transaction costs are the costs of exchanging, protecting and capturing property rights. We clarify the key role of transaction costs with respect to understanding value creation and the limitations and opportunities of strategizing relative to competitive forces. The economics of property rights identifies new sources of value creation (i.e., reducing the dissipation caused by transaction costs), and new types of resources (i.e., capture and protection capabilities), clarifies the role of contracting in the exercise of market power, and suggests that "strategizing" and "economizing" perspectives are related to a larger extent than is normally recognized. Refutable propositions are derived. URI: http://hdl.handle.net/10398/6868 Files in this item: 1
link2003-05.pdf (187.6Kb)
Now showing items 1-3 of 3