Having, as I hope, set our stage, I now attempt to characterize the players. We must also explain the language they are to speak and the meaning of some of their clothes. We have discussed at length the economicoinstitutional environment of the modern corporation and the possible motives of the managers. Both require to be dressed for operationality. We have suggested that managers may derive utility from growth, but what does this in measurable economic terms? And if ‘the firm’ is no longer regarded as a chattel of proprietors, how is it to be regarded?
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- Concepts and Methods
- Palgrave Macmillan UK
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