RECENT THEORIES OF THE FIRM: A CRITICAL APPROACH
Besides the classical theories of the firms as complete or incomplete contract theories, in the last decades there were developed some new theories bringing new perspectives and approaches. Among these new perspectives we are presenting in this paper the evolutionary theory of the firm, the importan...
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| Format: | Article |
| Language: | deu |
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University of Oradea
2012-07-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | http://anale.steconomiceuoradea.ro/volume/2012/n1/079.pdf |
| _version_ | 1819202348749160448 |
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| author | Pacala Anca |
| author_facet | Pacala Anca |
| author_sort | Pacala Anca |
| collection | DOAJ |
| description | Besides the classical theories of the firms as complete or incomplete contract theories, in the last decades there were developed some new theories bringing new perspectives and approaches. Among these new perspectives we are presenting in this paper the evolutionary theory of the firm, the importance of resources and knowledge, and game theory. According to evolutionary theory the most important element for a firm is the company itself and its specific assets (physical and human). Evolutionist theories, in their diversity, are interested in issues such as the effects of changes in the long run within the firms, in terms of products, processes, decisions, analysis of the determinants of success. Resource and knowledge -based theories try to find a common point between transactions and organizational management analysis, focusing on development issues within companies, the importance of business strategy and achieving competitive advantages. Finally, cooperative game theory sees the firm as a coalition of various parts that compose it, emphasizing the importance of cooperative relations between employees and shareholders, risk sharing and effective collective skills, knowledge and funds using. |
| first_indexed | 2024-12-23T04:02:36Z |
| format | Article |
| id | doaj.art-dcd0d4bc54bc4e2c8f596f919d451f62 |
| institution | Directory Open Access Journal |
| issn | 1222-569X 1582-5450 |
| language | deu |
| last_indexed | 2024-12-23T04:02:36Z |
| publishDate | 2012-07-01 |
| publisher | University of Oradea |
| record_format | Article |
| series | Annals of the University of Oradea: Economic Science |
| spelling | doaj.art-dcd0d4bc54bc4e2c8f596f919d451f622022-12-21T18:00:43ZdeuUniversity of OradeaAnnals of the University of Oradea: Economic Science1222-569X1582-54502012-07-0111562567RECENT THEORIES OF THE FIRM: A CRITICAL APPROACHPacala AncaBesides the classical theories of the firms as complete or incomplete contract theories, in the last decades there were developed some new theories bringing new perspectives and approaches. Among these new perspectives we are presenting in this paper the evolutionary theory of the firm, the importance of resources and knowledge, and game theory. According to evolutionary theory the most important element for a firm is the company itself and its specific assets (physical and human). Evolutionist theories, in their diversity, are interested in issues such as the effects of changes in the long run within the firms, in terms of products, processes, decisions, analysis of the determinants of success. Resource and knowledge -based theories try to find a common point between transactions and organizational management analysis, focusing on development issues within companies, the importance of business strategy and achieving competitive advantages. Finally, cooperative game theory sees the firm as a coalition of various parts that compose it, emphasizing the importance of cooperative relations between employees and shareholders, risk sharing and effective collective skills, knowledge and funds using.http://anale.steconomiceuoradea.ro/volume/2012/n1/079.pdfcorporate governance, evolutionary theory, co-operative game theory |
| spellingShingle | Pacala Anca RECENT THEORIES OF THE FIRM: A CRITICAL APPROACH Annals of the University of Oradea: Economic Science corporate governance, evolutionary theory, co-operative game theory |
| title | RECENT THEORIES OF THE FIRM: A CRITICAL APPROACH |
| title_full | RECENT THEORIES OF THE FIRM: A CRITICAL APPROACH |
| title_fullStr | RECENT THEORIES OF THE FIRM: A CRITICAL APPROACH |
| title_full_unstemmed | RECENT THEORIES OF THE FIRM: A CRITICAL APPROACH |
| title_short | RECENT THEORIES OF THE FIRM: A CRITICAL APPROACH |
| title_sort | recent theories of the firm a critical approach |
| topic | corporate governance, evolutionary theory, co-operative game theory |
| url | http://anale.steconomiceuoradea.ro/volume/2012/n1/079.pdf |
| work_keys_str_mv | AT pacalaanca recenttheoriesofthefirmacriticalapproach |