Contracting Costs and Residual Claims: The Separation of Ownership and Control
1983; University of Chicago Press; Volume: 26; Issue: 2 Linguagem: Inglês
10.1086/467040
ISSN1537-5285
Autores Tópico(s)Taxation and Compliance Studies
ResumoPrevious articleNext article No AccessContracting Costs and Residual Claims: The Separation of Ownership and ControlBenjamin KleinBenjamin Klein Search for more articles by this author PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by The Journal of Law and Economics Volume 26, Number 2Jun., 1983Corporations and Private Property Sponsored by The University of Chicago Booth School of Business and The University of Chicago Law School Article DOIhttps://doi.org/10.1086/467040 Views: 60Total views on this site Citations: 61Citations are reported from Crossref Copyright 1983 The University of ChicagoPDF download Crossref reports the following articles citing this article:Aziza Naz, Nadeem Ahmed Sheikh Capital structure and earnings management: evidence from Pakistan, International Journal of Accounting & Information Management 31, no.11 (Nov 2022): 128–147.https://doi.org/10.1108/IJAIM-08-2022-0163Vinícius Medeiros Magnani, Marcelo Augusto Ambrozini, Rafael Moreira Antonio, Rafael Confetti Gatsios Hedging Policies to Reduce Agency Costs in Brazil, Journal of Risk and Financial Management 15, no.88 (Aug 2022): 365.https://doi.org/10.3390/jrfm15080365Michelle Hanlon, Kelvin Yeung, Luo Zuo Behavioral Economics of Accounting: A Review of Archival Research on Individual Decision Makers*, Contemporary Accounting Research 39, no.22 (Dec 2021): 1150–1214.https://doi.org/10.1111/1911-3846.12739Xi (Jason) Kuang, Ziyang Li, Di Yang The Effects of Transparency and Voice on Managerial Decisions and Employee Effort in Hierarchical Organizations, European Accounting Review 30 (Mar 2021): 1–25.https://doi.org/10.1080/09638180.2021.1896370Michelle Hanlon, Kelvin Yeung, Luo Zuo Behavioral Economics of Accounting: A Review of Archival Research on Individual Decision Makers, SSRN Electronic Journal 96 (Jan 2021).https://doi.org/10.2139/ssrn.3923891Josef Wieland, Dominik Fischer Transaction Cost Theory and Business Legitimacy, (Mar 2019): 1–21.https://doi.org/10.1007/978-3-319-68845-9_14-1Yahua Wang Hierarchical Structure of Water Governance, (Sep 2017): 31–62.https://doi.org/10.1007/978-981-10-5083-1_2Shinji Teraji Institutions and the Economics of Behavior I, (Jan 2018): 33–76.https://doi.org/10.1016/B978-0-12-812023-1.00002-8 Bibliography, (Nov 2017): 197–243.https://doi.org/10.1002/9781119476511.biblioWalaa Wahid Elkelish IFRS related party transactions disclosure and firm valuation in the United Arab Emirates emerging market, Journal of Accounting in Emerging Economies 7, no.22 (May 2017): 173–189.https://doi.org/10.1108/JAEE-05-2015-0035Daniel Siqueira Pitta Marques, André Lucirton Costa, , Administração de clubes de futebol profissional: proposta de um modelo específico de governança para o setor, Organizações & Sociedade 23, no.7878 (Sep 2016): 378–405.https://doi.org/10.1590/1984-92307823Walaa Wahid ElKelish, Mostafa Kamal Hassan Corporate governance disclosure and share price accuracy, Journal of Applied Accounting Research 16, no.22 (Sep 2015): 265–286.https://doi.org/10.1108/JAAR-02-2013-0015Mohamed Sherif Tawfik, Hamdy Mahmoud Kadous An Empirical Investigation of the Validity of the Positive Theory in Developing Countries: The Case of the Kingdom of Saudi Arabia, SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2601673Daniel Monroy Una Aproximaciin Neoinstitucionalista Al Derecho (Econnmico) Internacional (A Neo-Institutional Approach to International (Economic) Law), SSRN Electronic Journal (Jan 2015).https://doi.org/10.2139/ssrn.2722948Annor da Silva Junior, Priscilla de Oliveira Martins da Silva, Alfredo Rodrigues Leite da Silva, , , Sistemas de valores e implicações na governança corporativa em um grupo empresarial familiar, Organizações & Sociedade 20, no.6565 (Jun 2013): 239–260.https://doi.org/10.1590/S1984-92302013000200004Zhihong Mo Decentralized planning in a market economy? On the nature of Coase’s research program, The Review of Austrian Economics 25, no.22 (Jun 2011): 115–129.https://doi.org/10.1007/s11138-011-0156-2Pablo Rogers, José Roberto Securato Corporate governance and volatility in the capital markets: Brazil case study, Corporate Ownership and Control 7, no.11 (Jan 2009): 43–54.https://doi.org/10.22495/cocv7i1p4Claude Ménard A New Institutional Approach to Organization, (Jan 2008): 281–318.https://doi.org/10.1007/978-3-540-69305-5_13Pablo Rogers, Kárem C. S. Ribeiro, José Roberto Securato Corporate governance, stock market and economic growth in Brazil, Corporate Ownership and Control 6, no.22 (Jan 2008): 222–237.https://doi.org/10.22495/cocv6i2c1p6Alan J. Robb, Yvonne P. Shanahan, Beverley R. Lord Ernest Adams Ltd: the demise of a family business, Accounting History 11, no.33 (Jul 2016): 357–379.https://doi.org/10.1177/1032373206065866Emita W. Astami, Greg Tower Accounting-policy choice and firm characteristics in the Asia Pacific region: An international empirical test of Costly Contracting Theory, The International Journal of Accounting 41, no.11 (Jan 2006): 1–21.https://doi.org/10.1016/j.intacc.2005.12.004Antoine Rebérioux Les fondements microéconomiques de la valeur actionnariale, Revue économique 56, no.11 (Jan 2005): 51.https://doi.org/10.3917/reco.561.0051Peter Maskell, Mark Lorenzen The Cluster as Market Organisation, Urban Studies 41, no.5-65-6 (May 2004): 991–1009.https://doi.org/10.1080/00420980410001675878Birgit Knaese Literaturverzeichnis, (Jan 2004): 295–318.https://doi.org/10.1007/978-3-322-81681-8_7Erika Lopez How do ocean carriers organize the empty containers reposition activity in the USA?, Maritime Policy & Management 30, no.44 (Oct 2003): 339–355.https://doi.org/10.1080/0308883032000145636Peter K. Mills, Gerardo R. Ungson Reassessing the Limits of Structural Empowerment: Organizational Constitution and Trust as Controls, Academy of Management Review 28, no.11 (Jan 2003): 143–153.https://doi.org/10.5465/amr.2003.8925254Geoffrey M. Hodgson The Legal Nature of the Firm and the Myth of the Firm-Market Hybrid, International Journal of the Economics of Business 9, no.11 (Feb 2002): 37–60.https://doi.org/10.1080/13571510110102967Peter Maskell The Firm in Economic Geography*, Economic Geography 77, no.44 (Feb 2009): 329–344.https://doi.org/10.1111/j.1944-8287.2001.tb00168.xPeter K. Mills, Dan S. Moshavi Professional concern: managing knowledge‐based service relationships, International Journal of Service Industry Management 10, no.11 (Mar 1999): 48–67.https://doi.org/10.1108/09564239910255370Stephen M. Bainbridge Corporate Decisionmaking and the Moral Rights of Employees: Participatory Management and Natural Law, SSRN Electronic Journal (Jan 1999).https://doi.org/10.2139/ssrn.132528Nicholas S. Argyres, Julia Porter Liebeskind Contractual Commitments, Bargaining Power, and Governance Inseparability: Incorporating History Into Transaction Cost Theory, Academy of Management Review 24, no.11 (Jan 1999): 49–63.https://doi.org/10.5465/amr.1999.1580440Sharon Gifford Optimally Incomplete Contracts, (Jan 1998): 85–98.https://doi.org/10.1007/978-1-4615-5605-3_6Peter Nippel Eine Theorie der Beteiligungsfinanzierung und Kapitalstruktur bei Vertragsunvollständigkeit und Anreizproblemen: Die Bedeutung der Möglichkeit zur Verwässerung von Zahlungsansprüchen, (Jan 1998): 253–284.https://doi.org/10.1007/978-3-642-72273-8_8Stephen M. Bainbridge Privately Ordered Participatory Management: An Organizational Failures Analysis, SSRN Electronic Journal (Jan 1997).https://doi.org/10.2139/ssrn.38600Dirk Neukirchen Management von Minderheitsbeteiligungen — eine systemorientierte Betrachtung, (Jan 1996): 59–152.https://doi.org/10.1007/978-3-322-99747-0_2Roger Sugden, Keith Cowling Industrial Strategy, (Dec 2009).https://doi.org/10.4324/9780203402122.ch3Peter K. Mills, Dan R. Dalton Arbitration Outcomes in the Service Sector: An Empirical Assessment, International Journal of Service Industry Management 5, no.22 (May 1994): 57–71.https://doi.org/10.1108/09564239410057681Igor Filatotchev, Trevor Buck, Mike Wright Soviet all-union enterprises as new multinationals of the CIS, The International Executive 35, no.66 (Nov 1993): 525–538.https://doi.org/10.1002/tie.5060350607Karin Jonnergård Federative organizations: the effects of double binding contracts, Scandinavian Journal of Management 9, no.33 (Sep 1993): 211–224.https://doi.org/10.1016/0956-5221(93)90017-MViktor J. Vanberg Organizations as constitutional systems, Constitutional Political Economy 3, no.22 (Mar 1992): 223–253.https://doi.org/10.1007/BF02393121T. Randolph Beard Financial aspects of motor carrier safety inspection performance, Review of Industrial Organization 7, no.11 (Jan 1992): 51–64.https://doi.org/10.1007/BF00354846Geng Xiao Managerial autonomy, fringe benefits, and ownership structure: A comparative study of Chinese state and collective enterprises, China Economic Review 2, no.11 (Mar 1991): 47–73.https://doi.org/10.1016/1043-951X(91)90012-WMichael Wosnitza Zur Diskussion der Problematik Potentieller Interessenkonflikte Zwischen den Eigentümern und Dem Management in der Finanzwirtschaftlichen Literatur, (Jan 1991): 5–77.https://doi.org/10.1007/978-3-642-99760-0_2William S. Hesterly, Julia Liebeskind, Todd R. Zenger Organizational Economics: An Impending Revolution in Organization Theory?, Academy of Management Review 15, no.33 (Jul 1990): 402–420.https://doi.org/10.5465/amr.1990.4308822F. C.v.N. FOURIE The Nature of Firms and Markets: Do Transactions Approaches Help?, The South African Journal of Economics 57, no.22 (Jun 1989): 92–102.https://doi.org/10.1111/j.1813-6982.1989.tb00184.xMustapha K. Nabli, Jeffrey B. Nugent, Lamine Doghri The Size Distribution and Ownership Type of Firms in Tunisian Manufacturing* *The authors express their gratitude to Bruce Herrick, Timur Kuran, Carl Liedholm, Donald Mead, Mario Tello and numerous seminar participants in Paris, USC and Calcutta for useful comments, references and suggestions, and to the Institut National de la Statistique for supplying unpublished data used in this study., (Jan 1989): 200–232.https://doi.org/10.1016/B978-0-444-87487-0.50017-7 David Mayers , and Clifford W. Smith, Jr. Ownership Structure across Lines of Property-Casualty Insurance, The Journal of Law and Economics 31, no.22 (Oct 2015): 351–378.https://doi.org/10.1086/467160Srinivas R. Akella, Stuart I. Greenbaum Savings and loan ownership structure and expense-preference, Journal of Banking & Finance 12, no.33 (Sep 1988): 419–437.https://doi.org/10.1016/0378-4266(88)90007-6Elke Michaelis Planungs- und Kontrollprobleme in Unternehmungen und Property Rights-Theorie, (Jan 1988): 119–148.https://doi.org/10.1007/978-3-322-83718-9_6David Mayers, Clifford W. Smith Ownership Structure Across Lines of Property-Casualty Insurance, (Jan 1988): 532–559.https://doi.org/10.1007/978-94-015-7957-5_26Mike Wright, Steve Thompson Divestment and the Control of Divisionalised Firms, Accounting and Business Research 17, no.6767 (Jun 1987): 259–267.https://doi.org/10.1080/00014788.1987.9729806R.S. Thompson, M. Wright Markets to Hierarchies and Back Again: The Implication of Management Buy‐outs for Factor Supply, Journal of Economic Studies 14, no.33 (Mar 1987): 5–22.https://doi.org/10.1108/eb002645Roger A. McCain Costs Of Transaction And A Theory Of Public Policy$fr1:$f: * 0034-6764/86/1201-238/$ 1.50/0.$ef, Review of Social Economy 44, no.33 (Dec 1986): 238–250.https://doi.org/10.1080/758516448ROGER E. A. FARMER, RALPH A. WINTER The Role of Options in the Resolution of Agency Problems: A Comment, The Journal of Finance 41, no.55 (Apr 2012): 1157–1170.https://doi.org/10.1111/j.1540-6261.1986.tb02539.xMike Wright THE MAKE-BUY DECISION AND MANAGING MARKETS: THE CASE OF MANAGEMENT BUY-OUTS, Journal of Management Studies 23, no.44 (Jul 1986): 443–464.https://doi.org/10.1111/j.1467-6486.1986.tb00427.xGeorge O. Gamble Property Rights Theory and the Formulation of Financial Statements, Journal of Accounting, Auditing & Finance 1, no.22 (Apr 1986): 102–117.https://doi.org/10.1177/0148558X8600100203Peter K. Mills, Thomas Turk A Preliminary Investigation Into the Influence of Customer-Firm Interface on Information Processing and Task Activities in Service Organizations, Journal of Management 12, no.11 (Sep 2016): 91–104.https://doi.org/10.1177/014920638601200108David J. Williams Shareholder bonding in financial mutuals: An exploratory study of the relative effects of altruism and agency, Accounting, Organizations and Society 11, no.33 (Jan 1986): 271–286.https://doi.org/10.1016/0361-3682(86)90025-5Mahmoud A. Ezzamel On the Assessment of the Performance Effects of Multidivisional Structures: A Synthesis, Accounting and Business Research 16, no.6161 (Dec 1985): 23–34.https://doi.org/10.1080/00014788.1985.9729292 G. Frank Mathewson , and Ralph A. Winter The Economics of Franchise Contracts, The Journal of Law and Economics 28, no.33 (Oct 2015): 503–526.https://doi.org/10.1086/467099Claude Menard A New Institutional Approach to Organization, (): 281–318.https://doi.org/10.1007/0-387-25092-1_13
Referência(s)