Nature and governance of the firm: in search of an integrated perspective

Jacques-Laurent Ravix ()

International Review of Applied Economics, 2008, vol. 22, issue 4, 463-478

Abstract: In this paper we argue that in order to analyse firm governance we need to reappraise the nature of the firm. Based on Austrian and Marshallian categories we consider the firm as a processor of production and knowledge, whose governance is implemented through the cooperative actions of stakeholders involved in a collective learning process. This interpretation conflicts with models of corporate governance based on shareholder-value principles.

Keywords: nature of the firm; governance of the firm; processor of production and knowledge; stakeholders; shareholders; collective learning processes (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (2)

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DOI: 10.1080/02692170802137620

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