A Behavioral Theory Of The Firm

Author : Richard Michael 1921- Cyert
Publisher : Hassell Street Press
Page : 360 pages
File Size : 44,8 Mb
Release : 2021-09-10
Category : Electronic
ISBN : 1015087965

Get Book

A Behavioral Theory of the Firm by Richard Michael 1921- Cyert Pdf

This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author : Richard Michael 1921- Cyert
Publisher : Hassell Street Press
Page : 360 pages
File Size : 43,6 Mb
Release : 2021-09-09
Category : Electronic
ISBN : 1014264529

Get Book

A Behavioral Theory of the Firm by Richard Michael 1921- Cyert Pdf

This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Author : Richard Michael Cyert,James G. March
Publisher : Martino Fine Books
Page : 346 pages
File Size : 41,7 Mb
Release : 2013-11
Category : Business & Economics
ISBN : 1614275327

Get Book

A Behavioral Theory of the Firm by Richard Michael Cyert,James G. March Pdf

2013 Reprint of 1963 First Edition. Full facsimile of the original edition, not reproduced with Optical Recognition Software. "A Behavioral Theory of the Firm" has become a classic work in organizational theory, and is one of the most significant contributions to theory intended to improve the operation of the modern corporation. The authors use experiments and empirical observations to build their model of decision making. They reject the structure of the firm as represented by classical economic theory, instead they focus on the discretion of management. They also offer a new way of viewing the effects of organization, communications and individuals on the firm's overall activity. This is path breaking book and among the most important and provocative interpretations yet advanced for seeing inside the firm to understand it as an organization and an economic entity.

Author : Richard Michael Cyert,James G. March
Publisher : Englewood Cliffs, N.J : Prentice-Hall
Page : 364 pages
File Size : 52,5 Mb
Release : 1963
Category : Decision-making
ISBN : WISC:89046867693

Get Book

A Behavioral Theory of the Firm by Richard Michael Cyert,James G. March Pdf

Antecedents of the behavioral theory of the firm; Organizational goals; Organizational expectations; Organizational choice; A summary of basic concepts in the behavioral theory of the firm; A specific price and output model; A general model of price and outup determination; A model of rational managerial behavior; A model of trust investment behavior; some implications.

Author : Michael C. Jensen
Publisher : Harvard University Press
Page : 342 pages
File Size : 47,9 Mb
Release : 2003-09-30
Category : Business & Economics
ISBN : 0674012291

Get Book

A Theory of the Firm by Michael C. Jensen Pdf

This collection examines the forces, both external and internal, that lead corporations to behave efficiently and to create wealth. Corporations vest control rights in shareholders, the author argues, because they are the constituency that bear business risk and therefore have the appropriate incentives to maximize corporate value. Assigning control to any other group would be tantamount to allowing that group to play poker with someone else's money, and would create inefficiencies. The implicit denial of this proposition is the fallacy of the so-called stakeholder theory of the corporation, which argues that corporations should be run in the interests of all stakeholders. This theory offers no account of how conflicts between different stakeholders are to be resolved, and gives managers no principle on which to base decisions, except to follow their own preferences. In practice, shareholders delegate their control rights to a board of directors, who hire, fire, and set the compensation of the chief officers of the firm. However, because agents have different incentives than the principals they represent, they can destroy corporate value unless closely monitored. This happened in the 1960s and led to hostile takeovers in the market for corporate control in the 1970s and 1980s. The author argues that the takeover movement generated increases in corporate efficiency that exceeded $1.5 trillion and helped to lay the foundation for the great economic boom of the 1990s.

Author : Richard Cyert
Publisher : Unknown
Page : 0 pages
File Size : 55,5 Mb
Release : 1963
Category : Electronic
ISBN : 9968001201

Get Book

A Behavioral Theory of the Firm by Richard Cyert Pdf

Author : Douglas E. Stevens
Publisher : Cambridge University Press
Page : 241 pages
File Size : 50,7 Mb
Release : 2018-10-18
Category : Business & Economics
ISBN : 9781108423328

Get Book

Social Norms and the Theory of the Firm by Douglas E. Stevens Pdf

Demonstrates the importance of social norms to firms and markets through historical context and theoretical and empirical evidence.

Author : Joseph T. Mahoney
Publisher : SAGE
Page : 273 pages
File Size : 54,7 Mb
Release : 2005
Category : Business & Economics
ISBN : 9781412905435

Get Book

Economic Foundations of Strategy by Joseph T. Mahoney Pdf

The theoretical foundations of management strategy are identified and outlined in this text. Five theories are considered in the light of questions about how organisations operate efficiently, cost minimization, wealth creation, individual self-interest, and continued growth.

Author : David J. Teece,Neil M. Kay
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 44,5 Mb
Release : 2019
Category : Business enterprises
ISBN : 178643069X

Get Book

The Evolution of the Theory of the Firm by David J. Teece,Neil M. Kay Pdf

"This innovative collection of readings analyses how the theory of the firm evolved from several core concepts and building blocks that underpin this important area of economics. The first volume presents a variety of perspectives from leading scholars in the field before introducing the basic elements of: risk and uncertainty; information and knowledge; bounded rationality and decision making; motives and incentives; resources and capabilities; and transactions. The second volume looks at how the various elements are integrated into the modern Theory of the Firm with the notion of organization coming increasingly to the fore. It focuses on norms; rules and routines; the entrepreneur; governance; hierarchies; co-operation, teams and networks; innovation and appropriability. Together with an introduction by the editors, this collection is an invaluable reference tool for all researchers and students with an interest in the modern theory of the firm, highlighting how it needs to evolve further to address the important management and policy issues of our time"--

Author : George Z. Peng
Publisher : Springer Nature
Page : 386 pages
File Size : 40,6 Mb
Release : 2020-10-26
Category : Business & Economics
ISBN : 9783030468781

Get Book

Toward Behavioral Transaction Cost Economics by George Z. Peng Pdf

Adopting a critical realist position, this book renders transaction cost economics (TCE) into a behavioral theory of organizational decision-making by foregrounding psychological processes and introducing and integrating with effectuation theory. Consistent with its behavioral agenda, the book introduces the concept of uncertainty controllability and provides a clearer conceptualization and a novel modeling strategy of bounded rationality based on the conceptual separation of cognitive bounds from psychological ‘rationalizing.’ The book inspires new insights into the significance of cultural distance (CD). Based on the understanding that culture is socially-extended cognition, the author re-conceptualizes CD as reflecting cognitive bounds, and uses the biases arising from CD to contextualize effectuation and deepen the flat ontology of both TCE and effectuation theory. The book presents a full two-sided behavioral framework of organizational decision-making, with behavioral TCE and behavioral real options theory complementing each other to complete the full behavioral picture. Both sides are further linked to organizational learning, which reduces biases over time and thus drives governance structures toward more rational directions. The full framework uses prospect theory as the overarching theory that determines which side of the behavioral framework is relevant for the uncertainty of concern based on the different problem frames resulting from different degrees of uncertainty controllability. Because effectuation can take place on both sides of the framework based on competing risk logics, prospect theory serves to harmonize inconsistencies in the effectuation literature as a side note. This book applies the behavioral TCE side of the framework to the study of MNC subsidiary ownership decision-making process using a dataset of over 10,000 Japanese subsidiaries founded in 43 host countries. It concludes with a discussion of implications and future directions for TCE in general and international business in particular.

Author : Richard Michael Cyert
Publisher : Unknown
Page : 358 pages
File Size : 46,6 Mb
Release : 1963
Category : Electronic
ISBN : STANFORD:20500058545

Get Book

A behavioral theory of the firm by Richard Michael Cyert Pdf

Author : Robert Wichers
Publisher : Elsevier
Page : 209 pages
File Size : 46,8 Mb
Release : 1997-03-26
Category : Psychology
ISBN : 0080525849

Get Book

A Theory of Individual Behavior by Robert Wichers Pdf

A Theory of Individual Behavior dispels the notion that individuals act as rational agents and strives to capture idiosyncratic humanness through rigorous mathematics. Wichers describes a version of economic behavior that is more comprehensive and satisfying than neoclassical models yet still consistent with the usual aggregated concepts that form the basis of applied microeconomics. Written in an accessible and convincing style, A Theory of Individual Behavior discusses innovative material in a format that encourages classroom use. All chapters have questions at their conclusions, and there is a strong emphasis on testable results. The book contains a short review of mathematical models and discussion of received microeconomic theory, as well as summaries at the ends of chapters and many examples and illustrations. Dispels the notion that individuals act as rational agents while capturing idiosyncratic human behavior through rigorous mathematics Presents an innovative approach to the evolution of microeconomic theory Promotes advances in behavioral theories in the social sciences, including psychology and sociology Delivers an accessible style with a strong emphasis on testable results

Author : John B. Miner
Publisher : M.E. Sharpe
Page : 472 pages
File Size : 43,5 Mb
Release : 2006
Category : Business & Economics
ISBN : 0765615258

Get Book

Organizational Behavior 2 by John B. Miner Pdf

"The sequel to Organizational Behavior: Essential Theories of Motivation and Leadership (2005) provides a review and analysis of the key theories of macro-organizational behavior. It provides background on scientific method, theory construction and evaluation, measurement considerations, research design, and the nature of knowledge in organizational behavior, and discusses theories in areas including decision-making, systems, and organizational sociology. The text assumes prior studies in fields such as organizational behavior and management." -- Publisher.

Author : Jeffrey S. Harrison,Jay B. Barney,R. Edward Freeman,Robert A. Phillips
Publisher : Cambridge University Press
Page : 301 pages
File Size : 51,5 Mb
Release : 2019-05-09
Category : Business & Economics
ISBN : 9781107191464

Get Book

The Cambridge Handbook of Stakeholder Theory by Jeffrey S. Harrison,Jay B. Barney,R. Edward Freeman,Robert A. Phillips Pdf

A comprehensive foundation for stakeholder theory, written by many of the most respected and highly cited experts in the field.

Author : Paul Walker
Publisher : Taylor & Francis
Page : 212 pages
File Size : 40,5 Mb
Release : 2016-09-13
Category : Business & Economics
ISBN : 9781317277033

Get Book

The Theory of the Firm by Paul Walker Pdf

Firms are a ubiquitous feature of the economic landscape, with much of the activity undertaken within an economy taking place within their boundaries. Given the size of the contribution made by firms to economic activity, employment and growth, having a theoretical understanding of the nature and structure of firms is crucial for understanding how an economy functions. The Theory of the Firm firstly offers a brief overview of the past, consisting of a concise discussion of the classical view of production, followed by an outline of the development of the neoclassical - or ‘textbook’ - approach to firm level production. Secondly, the ‘present’ of the theory of the firm is discussed in three sections. The first section considers the post-1970 theory of the firm literature per se, while the second section scrutinises the relationship between the three most prominent of the modern sets of theories: the reference point, property rights and transaction cost approaches. The third section looks at the theory of privatisation. The unique aspects of this book includes its discussions of the post-1970 contributions to the theory of the firm; the integration of the theory of the entrepreneur with the theory of the firm; and the theory of privatisation. This volume offers an intuitive introduction to the theories of the firm as well as simple formal models of the most important contributions to the literature. It also outlines the historical evolution of the traditional and modern theories of the firm. This book is of great interest to those who study history of economic thought, industrial economics and organizational studies.