In simple words, the theory of firms implies that the firms only exist in the market to maximize profits.Answer and Explanation: The external environment is defined as a merger of all factors coming from the outside of a firm, and it tends to impact the performance. The p...
Explain the gap in efficiency related to the rising cost of pharmaceuticals for the aging population. Use the following theories to explain the role of money as far as motivating employees is concerned: Theory X and Theory Y, Two Factor Theory, Expectancy Theory, and Equity Theory. Could these...
Transaction Cost and the Theory of Multinational Enterprise. In New Theories of the Multinational Enterprise, Rugman A. Ed. St Martins Press: New-York. Google Scholar Coase R. 1937. The Nature of the Firm. Economica. 4: 386–405. Article Google Scholar Crouch C. and Streeck W. Eds. ...
Corporate tax avoidance is an act aiming at reducing tax amount liable to the government, which is expected to raise firm value. However, agency theory postulates that opportunistic managers can lower tax liabilities through the arrangement of complex transactions, enabling them to shirk or pursue ...
Real frictions, that are usually invoked to explain the investment behavior, present a much simpler explanation. It has long been noted that theories of investment without real frictions, e.g., Tobin's (1969) Q-theory, cannot explain investment behavior (see Hayashi, 1982, Abel and Eberly, ...
We observe a U-shaped pattern in tax avoidance outcomes across the various life cycle stages in line with the predictions of dynamic resource-based theory. Our findings are consistent using several robustness checks. Overall, our results show that a firm's life cycle stage is a significant ...
aWhat the evolutionary view tends to overlook is the origin of the firm, or rather, the ways in which the underlying theory of the firm may or may not explain its origins. 什么演变看法倾向于俯视是企业的起源或者宁可,企业的部下的理论可能或不可能解释它的起源的方式。[translate]...
In an exclusive interview with ArchDaily, Amale Andraos and Dan Wood, founders of WORKac, discuss their design for the BeMA, the influence of art and the city on architecture, their firm, architecture education, and the unique qualities of Beirut and Lebanon. Save this pictu...
Givati Y and Troiano U (2012) Law, economics, and culture: Theory of mandated benefits and evidence from maternity leave policies. Journal of Law and Economics; 55 (2): 339–364. Gneezy U, Leonard KL and List JA (2009) Gender differences in competition: evidence from a matrilineal and ...
Explain the theory of consumer choice.Consumer:A consumer refers to an individual or firm that utilizes products and services that are produced by a particular organization. Consumers are the most important stakeholders within a firm. For a firm to be successful, it must consider the benefits ...