The theory of the firm consists of a number of economic theories that describe, explain, and predict the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.
Read more about Theory Of The Firm: Overview, Background, Transaction Cost Theory, Reconsiderations of Transaction Cost Theory, Managerial and Behavioural Theories, Williamson's Approach, Firm Economies, Other Models, Legacy
Famous quotes containing the words theory of, theory and/or firm:
“Could Shakespeare give a theory of Shakespeare?”
—Ralph Waldo Emerson (1803–1882)
“The weakness of the man who, when his theory works out into a flagrant contradiction of the facts, concludes “So much the worse for the facts: let them be altered,” instead of “So much the worse for my theory.””
—George Bernard Shaw (1856–1950)
“I have come to have the firm conviction that vanity is the basis of everything, and finally that what one calls conscience is only inner vanity.”
—Gustave Flaubert (1821–1880)