Marris’s Model of the Managerial Enterprise

A. Koutsoyiannis
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A. Koutsoyiannis: University of Waterloo

Chapter 16 in Modern Microeconomics, 1975, pp 352-370 from Palgrave Macmillan

Abstract: Abstract The goal of the firm in Marris’s model1 is the maximisation of the balanced rate of growth of the firm, that is, the maximisation of the rate of growth of demand for the products of the firm, and of the growth of its capital supply: In pursuing this maximum balanced growth rate the firm has two constraints. Firstly, a constraint set by the available managerial team and its skills. Secondly, a financial constraint, set by the desire of managers to achieve maximum job security. These constraints are analysed in a subsequent section.

Keywords: Policy Variable; Debt Ratio; Managerial Enterprise; Financial Policy; Retention Ratio (search for similar items in EconPapers)
Date: 1975
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DOI: 10.1007/978-1-349-15603-0_16

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