A Review of Theories for the Modern Firm

Deborah E. Lange

Chapter Chapter 2 in Cliques and Capitalism, 2011, pp 33-66 from Palgrave Macmillan

Abstract: Abstract The area of strategic management has been attempting to invent a fully explanatory “theory of the firm” or one that is superior to others such that it is applied most often. A couple of theories, lately, do seem to hold favor a majority of the time, while others have not remained popular, but they are still recognized and resurface now and then. I hope to explain why many of these theories are helpful and at the same time, that we have reached a point in theory development where we need to make a step forward; we need to develop beyond, what has really become a roadblock, this belief that it is constructive to attempt to make a clear choice.

Keywords: Corporate Governance; Agency Theory; Small World; Institutional Theory; Dynamic Capability (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-01619-5_3

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DOI: 10.1057/9781137016195_3

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