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 author argues, because they are the constituency that bear business risk and therefore have the appropriate incentives to maximize corporate value. Assigning control to any other group would be tantamount to allowing that group to play poker with someone else's money, and would create inefficiencies.
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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 author argues, because they are the constituency that bear business risk and therefore have the appropriate incentives to maximize corporate value. Assigning control to any other group would be tantamount to allowing that group to play poker with someone else's money, and would create inefficiencies.
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Add this copy of A Theory of the Firm: Governance, Residual Claims, and to cart. $6.21, good condition, Sold by ThriftBooks-Atlanta rated 5.0 out of 5 stars, ships from Brownstown, MI, UNITED STATES, published 2003 by Harvard University Press.
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Add this copy of A Theory of the Firm: Governance, Residual Claims, and to cart. $7.00, fair condition, Sold by BFE Books rated 4.0 out of 5 stars, ships from Norman, OK, UNITED STATES, published 2003 by Harvard University Press.
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Fair. Not the prettiest book. Has some highlighting. Cover is creased and has corner curls. Pages yellowed due to age. Still good readable copy. Trade paperback (US). Glued binding. 323 p. Contains: Illustrations, black & white. Audience: General/trade.
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Used, like new. Book and jacket are like new. Perfect condition. ** We are a small family business selling fine new and pre-owned books online since 1999. We provide professional service and individual attention to your order, daily shipments, and sturdy packaging. FREE TRACKING ON ALL SHIPMENTS WITHIN USA.
Add this copy of A Theory of the Firm: Governance, Residual Claims, and to cart. $45.30, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2001 by Harvard University Press.
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Add this copy of A Theory of the Firm: Governance, Residual Claims, and to cart. $109.31, new condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2003 by Harvard University Press.
