Corporate strategies – the institutional approach

Krzysztof Waśniewski ()

MPRA Paper from University Library of Munich, Germany

Abstract: The present paper introduces a model of corporate strategies, based on institutional theories of the firm and formalized with the concepts of the theory of games. Corporate strategies are balanced outcomes of four social games: capital market, corporate governance, product market and social responsibility. Two empirical applications of the model are then introduced: a qualitative one, consisting in comparative study of strategies deployed by Royal Dutch Shell and Israel Corporation, then a quantitative one, presenting a study of capital accumulation and operational efficiency in 79 companies listed in the Warsaw Stock Exchange.

Keywords: institutional economics; strategy; corporation (search for similar items in EconPapers)
JEL-codes: D01 D02 D03 D2 D53 D81 G12 G3 L2 (search for similar items in EconPapers)
Date: 2010-06
New Economics Papers: this item is included in nep-cse and nep-mic
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:25190

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