Name: the corporate paradox: economic realities of the corporate form of organization (in English)
Price: 208.41 USD
Availability: InStock
Author: cortenraad
ISBN: 9780792386957

portada the corporate paradox: economic realities of the corporate form of organization (in English)

Type

Physical Book

Publisher

springer publishing map

Author

cortenraad

Language

English

Pages

416

ISBN

0792386957

ISBN13

9780792386957

Synopsis "the corporate paradox: economic realities of the corporate form of organization (in English)"

the `corporation is by far the most successful legal concept of organization among large business firms. yet there are numerous examples of firms operated in corporate form that were troubled either by internal problems arising from divergences of interests between the firms various constituents (notably, managers and investors), or by conflicts with other members of society (including both victims of accidents or environmental pollution caused by the firm and unpaid creditors in the event of business failure). it is this paradox between the corporations prima facie success and its apparent ambiguity in other respects that is examined in this book. using modern economic theory concerning the functioning of markets and organizations, the corporate paradox examines how the concept of the corporation relates to the economic entity it organizes and in effect, how it may affect the use that firms make of societys valuable but scarce resources. to this end, both the economic rationales underlying the corporate form of organization and its effects on organizational and individual behavior are reviewed, with special emphasis on the separation between `ownership and `control and the principle of limited liability of shareholders, two features which are typical of the corporate concept. finally, this book surveys, from a predominantly economic perspective, legal remedies that united states and dutch law have developed in response to certain inefficiencies to which these features may give rise.