The nature of the firm

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The nature of the firm

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dc.contributor.author Li, Xin
dc.date.accessioned 2009-07-21
dc.date.accessioned 2009-07-21T13:29:45Z
dc.date.available 2009-07-21T13:29:45Z
dc.date.issued 2009-07-21T13:29:45Z
dc.identifier.uri http://hdl.handle.net/10398/7828
dc.description.abstract This paper is intended to propose a relationship-based theory of the firm (R’BT), an alternative to the transaction cost theory. The R’BT takes relationship disharmony (rather than transaction costs) as its basic unit of analysis of the nature of the firm, and argues relationship disharmony derives from conflict of interests, a problem faced by any human organizations; to reduce the conflict of interests, the best way is to harmonize relationships by mutually accommodating or internalizing the other party’s interests into its own consideration; the degree of harmony or disharmony in the relationships will in turn determine the performance of the organization in question. This paper provides a completely different explanation from the transaction cost economics when addressing issues such like the existence, boundary and internal organization of the firm. Also discussed are its implications for organizational management and economy. en_US
dc.format.extent 31 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Working Paper;2009-03-xl
dc.subject.other Theory of the firm en_US
dc.subject.other Transaction cost en_US
dc.subject.other Relationship en_US
dc.subject.other Harmony en_US
dc.subject.other Confucian en_US
dc.title The nature of the firm en_US
dc.type wp en_US
dc.accessionstatus modt09jul21 nijemo en_US
dc.contributor.corporation Copenhagen Business School. CBS
dc.contributor.department Institut for International Økonomi og Virksomhedsledelse en_US
dc.contributor.departmentshort INT en_US
dc.contributor.departmentuk Department of International Economics and Management en_US
dc.contributor.departmentukshort INT en_US
dc.idnumber x656597428 en_US
dc.publisher.year 2009 en_US
dc.title.subtitle A relationship-based theory en_US


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