Networks in a Firm: Separation of Ownership and Control

Li Way Lee () and Aaron Keathley ()
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Li Way Lee: Wayne State University
Aaron Keathley: Wayne State University

Chapter Chapter 3 in 45 Conversations About Behavioral Economics, 2022, pp 11-13 from Springer

Abstract: Abstract At about the same time when Ronald Coase was trying to figure out why there are firms, Adolf Berle and Gardiner Means (The Modern Corporation and Private Property, 1st edition, The Macmillan Company, New York, 1932) looked into firms and saw something alarming in the larger ones: ownership and control are separated from each other. (Let's call this phenomenon SOOC: separation of ownership and control.) Why did Berle and Means find SOOC alarming?

Date: 2022
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DOI: 10.1007/978-3-031-05046-6_3

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