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Journal articles
Ownership, Organization, and Private Firm's efficient use of resources
Abstract : The principal-agent theory asserts that public firms' performance is driven by efficient capital and labor markets but is silent about non-listed private companies, which are less permeable to market forces (both capital and labor) than are public companies. We propose and test a 2 x 2 framework distinguishing owner-controlled vs. agent-led firms from firms with a flat vs. multilayer organization. Our findings provide highly contrasted results and raise important issues for further study of private firms.
https://hal-hec.archives-ouvertes.fr/hal-00699294
Contributor : Antoine Haldemann <>
Submitted on : Sunday, May 20, 2012 - 3:23:39 PM
Last modification on : Thursday, January 11, 2018 - 6:19:32 AM
Contributor : Antoine Haldemann <>
Submitted on : Sunday, May 20, 2012 - 3:23:39 PM
Last modification on : Thursday, January 11, 2018 - 6:19:32 AM
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