Journal articles: 'Theories of the firm'

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Kállay, Balázs. "Evolutionary and Competence-Based Theories of the Firm." JOURNAL OF INTERNATIONAL STUDIES 5, no. 1 (May 20, 2012): 38–45. http://dx.doi.org/10.14254/2071-8330.2012/5-1/5.

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Kay, John. "Theories of the Firm." International Journal of the Economics of Business 25, no. 1 (January 2, 2018): 11–17. http://dx.doi.org/10.1080/13571516.2017.1402468.

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Sarasvathy, Saras D. "Making It Happen: Beyond Theories of the Firm to Theories of Firm Design." Entrepreneurship Theory and Practice 28, no. 6 (December 2004): 519–31. http://dx.doi.org/10.1111/j.1540-6520.2004.00062.x.

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Chun, Douglas. "Exploring connections: aspiration levels, culture and the resource based view." Journal of Strategy and Management 9, no. 2 (May 16, 2016): 202–15. http://dx.doi.org/10.1108/jsma-01-2015-0002.

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Purpose – The purpose of this paper is to consider the linkages between two theories of firm performance, aspiration theory and the resource-based view (RBV), possible ways in which these theories may interact, and how the culture from which the firm originated can be a factor in how the firm may react to Schumpeterian shock issues suggested in RBV of the firm. Design/methodology/approach – This paper takes a theoretical approach. Findings – Firms generally look to firms sharing their own cultural backgrounds when selecting similar others. However when the environment is no longer beneficial to firms sharing these goals and objectives, the focal firm may consider firms from other cultural backgrounds when forming aspiration levels. Research limitations/implications – Empirical studies would be necessary to verify these finding: do firms show a preference to firms from their own cultural backgrounds when choosing firms to serve as reference groups for goals and objectives? Would Schumpeterian Shocks cause firms to seek other firms outside of their own culture to set new goals and objectives? Practical implications – Firms should be aware of their own possible biases when deciding which firms to base its goals and objectives on, and widen the cultural scope of their competitive views to include firms from other cultural backgrounds, diversifying their repertoire of strategies and improving the survivability of the organization. Originality/value – The combination of different managerial theories is not common in management literature, and the author was unable to find an article combining the RBV, Aspiration Theory and cultural theories. If management theories are valid, then it is important to understand the relationships between these theories.

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Buckley, Peter. "Theories of the multinational firm." Journal of International Business Studies 50, no. 1 (October 10, 2018): 150–52. http://dx.doi.org/10.1057/s41267-018-0180-6.

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Tang, Qingliang, and Le Luo. "Corporate ecological transparency: theories and empirical evidence." Asian Review of Accounting 24, no. 4 (December 5, 2016): 498–524. http://dx.doi.org/10.1108/ara-01-2015-0007.

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Purpose The purpose of this paper is to investigate how firm- and country-level determinants affect corporate ecological transparency. Design/methodology/approach The study utilizes multiple theories that are commonly used by corporate social responsibility studies to explain the corporate ecological transparency. Based on a sample of 243 Global 500 firms, the authors examine the impact of shareholders’ interest in ecological information, creditors’ concern, firm size, industry membership, the presence of emission trading scheme (ETS), stringency of environmental regulations on corporate ecological transparency. Findings The paper documents evidence that larger firms, firms in GHG-intensive sectors, and highly leveraged firms tend to produce more ecological disclosures. In addition, ecological transparency is higher in countries with an ETS and increases with more stringent environmental regulation. Finally, the authors find little evidence that shareholders of these firms are concerned with this information. Research limitations/implications The sample is restricted to the largest firms with relevant carbon profile information. Thus, caution should be exercised when generalizing the inferences. Practical implications Sustainability has become one of the most importance topics in business agenda. Firms’ attitude and decision about the ecological transparency will affect internal firm performance, external stakeholder engagement, and policy makers’ attention. It determines the firms’ long-term operation and development. Originality/value The study contributes to the literature by utilizing multiple theories to explain ecological transparency. Each of the theories provided only a partial explanation for ecological transparency. Thus, we need to consider the firms’ behaviors from multiple dimensions. In particular, stakeholder theory and institutional theory are the dominant perspectives accounting for managers’ propensity to disclose a firm’s ecological footprint.

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O'Farrell, P. N., and D. M. W. N. Hitchens. "Alternative Theories of Small-Firm Growth: A Critical Review." Environment and Planning A: Economy and Space 20, no. 10 (October 1988): 1365–83. http://dx.doi.org/10.1068/a201365.

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This paper contains a review of alternative theories which have been developed in order to explain growth and change in the small manufacturing firm. Models of small-firm growth derived within the industrial economics literature are evaluated together with stage models of growth and stochastic models. Social and psychological perspectives on growth are reviewed and the spatial dimension is also considered. We argue that most previous theories of small-firm growth place too little emphasis upon the difficulties which small owner-managed firms have in meeting the competitive requirements of the marketplace.

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Madison, Kristen, Daniel T. Holt, Franz W. Kellermanns, and Annette L. Ranft. "Viewing Family Firm Behavior and Governance Through the Lens of Agency and Stewardship Theories." Family Business Review 29, no. 1 (July 15, 2015): 65–93. http://dx.doi.org/10.1177/0894486515594292.

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Agency and stewardship theories are prominent perspectives to examine myriad issues within family firms. Although considered opposing theories, both address the same phenomena: the individual-level behaviors and firm-level governance mechanisms that predict organizational outcomes. Accordingly, we review and synthesize these theories concurrently, using the concepts of behavior and governance as our organizing framework. Our review encompasses 107 family firm articles grounded in agency and/or stewardship theory, published between 2000 and 2014 in 24 journals across several disciplines. Additionally, we identify future research areas that provide scholars opportunities to push theoretical boundaries and offer further insights into the family firm.

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Barnard, Helena, Alvaro Cuervo-Cazurra, and Stephan Manning. "Africa Business Research as a Laboratory for Theory-Building: Extreme Conditions, New Phenomena, and Alternative Paradigms of Social Relationships." Management and Organization Review 13, no. 3 (September 2017): 467–95. http://dx.doi.org/10.1017/mor.2017.34.

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ABSTRACTAfrica is an increasingly important business context, yet we still know little about it. We review the challenges and opportunities that firms in Africa face and propose that these can serve as the basis for extending current theories and models of the firm. We do so by challenging some of the implicit assumptions and stereotypes on firms in Africa and by proposing three avenues for extending theories. One is taking the extreme conditions of some Africa countries and using them as a laboratory for modifying current theories and models of the firm, as we illustrate in the case of institutional theory and the resource-based view. A second one is identifying new themes that arise from analyzing firms in Africa and their contexts of operation, and we discuss four themes: migrating multinationals and the meaning of home country, diaspora networks within and across countries, a recasting of cultural and institutional distance, and new hybrid organizational forms. A third one is developing new theories based on alternative paradigms of social relationships that have emerged in Africa that differ from those underpinning existing theories of the firm, such askgotlaand its view of community-based relationships orubuntuand its humanizing view of relationships.

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Belcher, Alice. "The boundaries of the firm: the theories of Coase, Knight and Weitzman." Legal Studies 17, no. 01 (March 1997): 22–39. http://dx.doi.org/10.1111/j.1748-121x.1997.tb00658.x.

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Boundaries are of the utmost importance because they establish size and shape. In so far as changes in the law affect the elements making up the boundaries of the firm, such changes can be expected to have an impact on the size and structure of firms. Theories which are capable of explaining how operations within the firm are different from those outside can be used to draw the boundaries of the firm and so to define its essence or nature. In this article three theories which give substance to the boundaries of the firm are presented and analysed. The major debate in recent corporate legal theory has been between the coercionists and the contractarians. This can be caricatured as a dispute between those who follow institutional arguments, seeing the firm as a concession of the State, and those who follow economic theory, seeing the firm as a nexus of contracts.

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Zenger, Todd R., Teppo Felin, and Lyda Bigelow. "Theories of the Firm–Market Boundary." Academy of Management Annals 5, no. 1 (June 2011): 89–133. http://dx.doi.org/10.5465/19416520.2011.590301.

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Ramrattan, Lall, and Michael Szenberg. "Book Review: Theories of the Firm." American Economist 52, no. 1 (March 2008): 117–20. http://dx.doi.org/10.1177/056943450805200115.

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Zenger, Todd R., Teppo Felin, and Lyda Bigelow. "Theories of the Firm–Market Boundary." Academy of Management Annals 5, no. 1 (June 2011): 89–133. http://dx.doi.org/10.1080/19416520.2011.590301.

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Peng, Mike W., Garry D. Bruton, Ciprian V. Stan, and Yuanyuan Huang. "Theories of the (state-owned) firm." Asia Pacific Journal of Management 33, no. 2 (May 3, 2016): 293–317. http://dx.doi.org/10.1007/s10490-016-9462-3.

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Saravia, Jimmy A. "Why has the literature on corporate governance and firm performance yielded mixed results?" Corporate Ownership and Control 13, no. 1 (2015): 152–63. http://dx.doi.org/10.22495/cocv13i1c1p2.

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This paper argues that a primary reason for the mixed results observed in the corporate governance and firm performance literature is that the relevant theories have not been applied to the class of phenomena they were designed to explain. For instance, the literature that focuses on ownership structure and firm performance employs entrepreneurial agency theories of the firm but applies them to managerial firms where ownership is separated from control. This is evidenced by the fact that firms in which managerial ownership is close to zero percent are included in the samples. After similarly analyzing other related governance and performance literatures, the paper provides orientation and recommendations for researchers to avoid the identified problems and secure future progress.

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Lorne, Frank T., and Petra Dilling. "Creating Values for Sustainability: Stakeholders Engagement, Incentive Alignment, and Value Currency." Economics Research International 2012 (January 11, 2012): 1–9. http://dx.doi.org/10.1155/2012/142910.

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A shareholder theory of firm and a stakeholder theory of firm may differ in their respective evaluation method of firm performance. Both theories however recognize the importance of value creation as the economic role of firms as institutions. The New Institutional Economics (NIE) emphasizes incentives alignment, while also viewing stakeholder engagements as methods to expand the boundaries of firms. The difference in performance evaluation between the two approaches can be reduced if stakeholders, while formulating incentive alignment, also evaluate the mechanisms of establishing a common currency value. The concomitant development of stakeholder engagement, incentive alignment, and value currency creation is argued to be an evolutionary process with the efficiency implications of the two theories tending to converge.

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FARIS, ALI AHMED. "The Firm Value According to MM and BFO Theories: Evidence from Jordan." Journal of Research on the Lepidoptera 51, no. 1 (February 28, 2020): 685–700. http://dx.doi.org/10.36872/lepi/v51i1/301063.

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TORNIKOSKI, ERNO T. "LEGITIMATING CHARACTERISTICS AND FIRM EMERGENCE." Journal of Enterprising Culture 16, no. 03 (September 2008): 233–56. http://dx.doi.org/10.1142/s0218495808000144.

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Most of the organizational theories take the existence of organizations for granted. Thus, attempts to understand success and failure at the nascent firm stage have often been conducted without an underlying theory to explain why some nascent firms succeed in becoming new firms while others do not. This study proposes that institutional theory offers an explanatory framework to explain firm emergence. Specifically, we argue that nascent firm becomes new firm thanks to resource endowments. The reliance on legitimating characteristics will grant a nascent firm an access to critical resources necessary for its emergence. We explore these ideas empirically and find support for our basic arguments.

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D. Kaltcheva, Velitchka, Anthony Patino, Michael V. Laric, Dennis A. Pitta, and Nicholas Imparato. "Customers' relational models as determinants of customer engagement value." Journal of Product & Brand Management 23, no. 1 (March 11, 2014): 55–61. http://dx.doi.org/10.1108/jpbm-07-2013-0353.

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Purpose – The authors apply Alan P. Fiske's relational models framework to customers' engagement with service firms – specifically, they propose that customers who hold different relational models for the service firm are likely to engage with the firm in dissimilar ways, thus generating different types of customer engagement value for the firm. Fiske's relational models framework is eminently suitable for studying customer-service firm engagement because it is widely adopted in the social sciences as a rigorously developed framework for conceptualizing social interactions. Design/methodology/approach – The article bridges Fiske's relational models framework and Kumar et al.'s customer engagement value framework, and conceptually demonstrates that customers employing different relational models for the service firm are likely to generate different types of customer engagement value for the firm. Findings – The article demonstrates conceptually that customers' relational models, schemata, and scripts influence how consumers engage with the firm and the type of customer engagement value accruing to the firm. Research limitations/implications – This research has implications for service firms' relationship strategies. First, service marketers can determine the desired customer engagement value(s) and then craft their customer relationship strategy so that it maximizes those engagement value(s). The article suggests relationship strategies that service firms may implement for encouraging customers to adopt different relational models. Originality/value – No research has bridged relational models theories and customer engagement value theories.

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Conti, Robert F., and Malcolm Warner. "Technology, teams and Theories of the Firm." Human Systems Management 15, no. 2 (1996): 101–12. http://dx.doi.org/10.3233/hsm-1996-15203.

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Evans, David S. "Tests of Alternative Theories of Firm Growth." Journal of Political Economy 95, no. 4 (August 1987): 657–74. http://dx.doi.org/10.1086/261480.

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Gibbons, Robert. "Four formal(izable) theories of the firm?" Journal of Economic Behavior & Organization 58, no. 2 (October 2005): 200–245. http://dx.doi.org/10.1016/j.jebo.2004.09.010.

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Machaj, Mateusz. "Review of Per Bylund, The Problem of Production: A New Theory of the Firm." Quarterly Journal of Austrian Economics 21, no. 4 (April 15, 2019): 427–35. http://dx.doi.org/10.35297/qjae.010007.

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Per Bylund's The Problem of Production offers an original contribution to the theory of the firm, what might be called "an unlocking theory of the firm" in which firms unlock doors to projects that were not introduced into the market and were not tested by it. Building a theory from Austrian foundations, Bylund avoids many of the problems present in previous theories. Rather than adopting a limiting Coasian view of the firm, Bylund suggests that firms are not derived from markets, but that markets are developed by the entrepreneurs who created firms.

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Nguyen, Huu Manh, Thi Huong Giang Vuong, Thi Huong Nguyen, Yang-Che Wu, and Wing-Keung Wong. "Sustainability of Both Pecking Order and Trade-Off Theories in Chinese Manufacturing Firms." Sustainability 12, no. 9 (May 9, 2020): 3883. http://dx.doi.org/10.3390/su12093883.

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Our study investigates Chinese manufacturing firms listed on both the Shanghai and the Shenzhen Stock Exchanges. These firms follow the pecking order or trade-off theories in their capital structure choices. Using panel data from the Taiwan Economic Journal and quantile regression, we construct three models to compare the two theories. Our first model tests the impact of profitability, tangible asset, firm size, and investment opportunities on leverage; our second model adds the dividend payout ratio to test the robustness of the first model; and our third model tests how leverage, profitability, firm size, and dividend variables affect a firm’s investments. From the results of all the models used in our study, we find a negative relationship between leverage and both profitability and the dividend payout ratio and a positive relationship between leverage and growth in a firm’s investments. We also find a negative relationship between dividends, firm size, and growth in a firm’s investments and a positive relationship between investment capital and profitability. The overall results indicate that the capital structure decisions of Chinese manufacturing firms are best explained by the pecking order theory.

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Chen, Gavin M., and John A. Cole. "The Myths, Facts, and Theories of Ethnic, Small-Scale Enterprise Financing." Review of Black Political Economy 16, no. 4 (March 1988): 111–23. http://dx.doi.org/10.1007/bf02892168.

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This article combines the results of three financial studies that examine capital issues affecting minority business development. The results are presented so as to explain or refute conventional wisdom regarding capital availability, cost of capital, credit market discrimination, sources of capital and differences in firm capital composition. Generally, Asian and Hispanic businesses more approximate nonminority businesses in the sources of capital, the cost of capital, total capital investment, and access to capital. Black firms, on the other hand, face credit discrimination from all sources of capital, which limits their access to capital, increases its cost, and affects firm profitability. Consequently, black firms have a smaller capital composition at startup and during operations. The only deviation from this pattern occurs where minority and nonminority financial institutions vie for black business patronage by reducing the cost of borrowing and increasing the availability of funds.

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Bhatt, Padmanabha Ramachandra, and R. Rathish Bhatt. "Corporate governance and firm performance in Malaysia." Corporate Governance: The International Journal of Business in Society 17, no. 5 (October 2, 2017): 896–912. http://dx.doi.org/10.1108/cg-03-2016-0054.

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Purpose The purpose of this paper is to study the effect of Malaysian Code on Corporate Governance (MCCG, 2007 and 2012) on the performance of the listed companies in Malaysia. The agency theory and resource dependency theories indicate that the firms with strong corporate governance outperform firms with weaker governance. This paper explores this relationship in a developing country like Malaysia having different institutional environment compared to western countries. Design/methodology/approach The study used a sample of 113 listed companies in Malaysia. The study incorporates the endogenous relationship between corporate governance, firm performance and leverage. Findings The study analyzes how the corporate governance framework affected firm performance in Malaysia with the help of self-developed corporate governance index (MCGI). The authors’ findings show that the performance of the firm is positively and significantly related with corporate governance measured by MCGI. Secondly, corporate governance of sample firms shows marked improvements after implementation of MCCG 2012 as compared to MCCG 2007. Originality/value The findings of this paper support the agency and the resource dependency theories. The study contributes to the understanding of the relationship between the corporate governance and firm performance in emerging economy and builds a case for enforcement of strong corporate governance code by government agencies.

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Bernard, Andrew B., Stephen J. Redding, and Peter K. Schott. "Multiple-Product Firms and Product Switching." American Economic Review 100, no. 1 (March 1, 2010): 70–97. http://dx.doi.org/10.1257/aer.100.1.70.

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This paper examines the frequency, pervasiveness, and determinants of product switching by US manufacturing firms. We find that one-half of firms alter their mix of five-digit SIC products every five years, that product switching is correlated with both firm- and firm-product attributes, and that product adding and dropping induce large changes in firm scope. The behavior we observe is consistent with a natural generalization of existing theories of industry dynamics that incorporates endogenous product selection within firms. Our findings suggest that product switching contributes to a reallocation of resources within firms toward their most efficient use. (JEL L11, L21, L25, L60)

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Albertos, José Fernández, and Alexander Kuo. "The structure of business preferences and Eurozone crisis policies." Business and Politics 20, no. 2 (January 28, 2018): 165–207. http://dx.doi.org/10.1017/bap.2017.35.

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AbstractWhat explains business views regarding policy preferences in the Eurozone crisis? Although recent literature examines the impact of the crisis on citizen views, few studies examine business preferences towards adjustment policies. We present unique data from a new representative survey of 500 high-level firm representatives from Spain to test theories about such preferences, in particular views about the euro, fiscal austerity, and wage devaluation, as well as plausible mechanisms for such preferences. We test three broad families of theories to explain such preferences, focusing on the role of structural firm characteristics, economic hardship, and political leanings of firm managers. We find that first, there is a strong conservative position regarding all of these policies. Second, we find that contra conventional approaches to explaining preferences, for the domestic policies (but not for euro views), the political leanings of firms matter much more than baseline structural characteristics. Third, we find that surprisingly economic hardship does not cause firms to demand more left-wing policies, as it might for voters; in fact, firms that have suffered are likely to be more skeptical of such measures. These findings indicate the need to better measure political orientations of firm respondents and suggest that this is a larger division among firms than previously recognized.

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Rezende, Sérgio Fernando Loureiro, Ricardo Salera, and José Márcio de Castro. "Confronting Theories of Firm Growth in Light of Degrees-of-Freedom Analysis." Organizações & Sociedade 22, no. 74 (September 2015): 385–404. http://dx.doi.org/10.1590/1984-9230745.

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This article aims to confront four theories of firm growth – Optimum Firm Size, Stage Theory of Growth, The Theory of the Growth of the Firm and Dynamic Capabilities – with empirical data derived from a backward-looking longitudinal qualitative case of the growth trajectory of a Brazilian capital goods firm. To do so, we employed Degree of Freedom-Analysis for data analysis. This technique aims to test the empirical strengths of competing theories using statistical tests, in particular Chi-square test. Our results suggest that none of the four theories fully explained the growth of the firm we chose as empirical case. Nevertheless, Dynamic Capabilities was regarded as providing a more satisfactory explanatory power.

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Chassagnon, Virgile, and Bernard Baudry. "Organisation informelle et identité : de la théorie des organisations à l’économie politique de l’entreprise." Social Science Information 55, no. 2 (February 8, 2016): 189–207. http://dx.doi.org/10.1177/0539018416629231.

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In this paper the authors defend the idea according to which the economic theories of the firm could be astutely enriched by specific theoretical developments of organization theories. In this view, they focus on two crucial research questions for the political economics of the firm: (1) the informal organization of the firm; and (2) social identity in the firm. This analysis allows to show the strong limitations of classical economic theory of the firm and to contribute to the reworking of a political economy of the firm.

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Brahmana, Rayenda Khresna, Ritzky Karina Brahmana, and Theresa Char Fei Ho. "Training and Development Policy, Corporate Governance, and Firm Performance." Gadjah Mada International Journal of Business 20, no. 1 (April 27, 2018): 59. http://dx.doi.org/10.22146/gamaijb.12995.

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This research investigates the role of corporate governance as a moderator between firms’ performance and their Training and Development Policy (TDP). Research data were taken from the US, Brazil, Russia, India, China and Indonesia from 2007 to 2013. This research found that the TDP is important for enhancing firm performance. Also, the role of the training and development policy impacted each firm’s performance differently, according to the level of corporate governance of that firm. The moderating effect of corporate governance reveals that better governance of a firm may have an influence on its TDP policy, which would lead to better firm performance. Overall, the results are consistent with the conjecture that corporate governance influences the firm’s performance and training and development policy, suggesting that the training and development policy’s success depends on the corporate governance level of the firm. Hence, this research contributes to two big theories: the knowledge transfer theory and the human capital theory, where the research findings show a confirmation of the two theories application in this research context.

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Duran, Patricio, and Marcelo Ortiz. "When More Is Better: Multifamily Firms and Firm Performance." Entrepreneurship Theory and Practice 44, no. 4 (May 18, 2019): 761–83. http://dx.doi.org/10.1177/1042258719851206.

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Does the presence of multiple and unrelated family controllers improve firm performance? Drawing on both agency and behavioral agency theories, we argue that multifamily firms outperform single-family firms since families in multifamily firms actively monitor owners’ socioemotional goals. Additionally, we suggest that a balanced distribution of control among the owning families facilitates the monitoring process. Finally, we argue that the focal relationship follows an inverted U-shaped pattern depending on the number of families controlling the firm. We test our hypotheses using a sample of Chilean publicly listed family firms. Our study extends current knowledge of the uniqueness of multifamily firms.

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SUBTSEL'NAYA, Tat'yana A. "Methodological problems in developing a unified theory of the firm." Economic Analysis: Theory and Practice 20, no. 2 (February 26, 2021): 379–92. http://dx.doi.org/10.24891/ea.20.2.379.

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Subject. The article addresses the transformations in the field of modern economic science. They have led to a number of changes in theoretical approaches to company analysis, which need to update the research methodology and revise the existing theories of the firm. Objectives. The aim of the study is to identify and analyze methodological difficulties, preventing the formation of a single theory, on the basis of existing approaches to understanding the nature of the firm. Methods. The study employs general scientific methods of cognition, like the inductive and deductive method, the method of scientific abstraction, methods of comparison and analogy, the historical method. Results. The paper reviews and systematizes the main theories of the firm. The review demonstrates that the firm is a complex structure. It is difficult to perform a meaningful analysis within one theory. Conclusions. The modern theories of the firm partly reflect the demands of the economic science and practice regarding the definition of the essence of the firm, its main objectives and social functions, however, there have been no trends in integrating the theories and creating a unified theory of the firm.

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Haider, Maqsood, Muhammad Aamir, and Muhammad Tahir Khan. "International Financial Reporting Standards, Accounting Conservatism, and Firm Performance: Evidence from UAE." Global Social Sciences Review IV, no. III (September 30, 2019): 206–13. http://dx.doi.org/10.31703/gssr.2019(iv-iii).26.

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European Union passed a resolution in 2002, which bound all the listed companies and firms and required the consolidated and simple accounts to use Financial Reporting Standards starting from January 2005. It will improve firm performance and will have an influence on the information environment for the listed firms. This study provides empirical and theoretical literature regarding the adoption of IFRS, accounting Conservatism and firm performance. This paper provides different theories that discuss the impact of IFRS and accounting conservatism on a firm performance that includes positive accounting theory, modernization theory, contingency theory, and world system theory.

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Sakr, Ahmed, and Amina Bedeir. "Firm Level Determinants of Capital Structure: Evidence From Egypt." International Journal of Financial Research 10, no. 1 (November 18, 2018): 68. http://dx.doi.org/10.5430/ijfr.v10n1p68.

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The purpose of this paper is to investigate the firm level determinants of capital structure of Egyptian publicly traded non-financial firms. The study investigates the firm level determinants of capital structure of Egyptian companies utilising data from the financial statements of 62 listed companies over the time period from 2003 to 2016. The study investigates whether the capital structure decisions in Egypt are closer to the assumptions of Trade-Off Theory, of Pecking Order Theory or of the Agency Cost Theory. The empirical evidence obtained allows us to conclude that Trade-Off and Pecking Order Theories are the most theories to describe the financial behaviour of the Egyptian companies' choice of capital structure whereas there was little evidence to support the agency cost theory.

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Westhead, Paul, and Carole Howorth. "Ownership and Management Issues Associated With Family Firm Performance and Company Objectives." Family Business Review 19, no. 4 (December 2006): 301–16. http://dx.doi.org/10.1111/j.1741-6248.2006.00077.x.

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Agency and stewardship theories are used to explore associations between ownership and management profiles and the performance and objectives of family firms. Using data from privately held family firms in the United Kingdom, a range of performance measures and objectives were examined. Multivariate regression analysis detected that closely held family firms did not report superior firm performance. The results show that the management rather than the ownership structure of a family firm was generally associated with selected firm-performance indicators and nonfinancial company objectives. Although family CEOs were associated with lower propensity to export, presented evidence generally fails to suggest that private family firms should avoid employing family members in management roles.

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Harris, Frederick H. DeB. "Competing Theories of Firm Decision-Making under Risk." Southern Economic Journal 54, no. 2 (October 1987): 271. http://dx.doi.org/10.2307/1059313.

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Hodgson, Geoffrey M. "Evolutionary and competence‐based theories of the firm." Journal of Economic Studies 25, no. 1 (February 1998): 25–56. http://dx.doi.org/10.1108/01443589810195606.

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Kano, Liena, and Alain Verbeke. "Theories of the multinational firm: A microfoundational perspective." Global Strategy Journal 9, no. 1 (December 5, 2018): 117–47. http://dx.doi.org/10.1002/gsj.1332.

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Boudreaux, Donald J., and Randall G. Holcombe. "The coasian and knightian theories of the firm." Managerial and Decision Economics 10, no. 2 (June 1989): 147–54. http://dx.doi.org/10.1002/mde.4090100210.

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FRANSMAN, MARTIN. "Information, Knowledge Vision and Theories of the Firm." Industrial and Corporate Change 3, no. 3 (1994): 713–57. http://dx.doi.org/10.1093/icc/3.3.713.

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Dallery, Thomas. "Post-Keynesian Theories of the Firm under Financialization." Review of Radical Political Economics 41, no. 4 (October 2, 2009): 492–515. http://dx.doi.org/10.1177/0486613409341371.

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Seth, Anju, and Howard Thomas. "THEORIES OF THE FIRM: IMPLICATIONS FOR STRATEGY RESEARCH." Journal of Management Studies 31, no. 2 (March 1994): 165–92. http://dx.doi.org/10.1111/j.1467-6486.1994.tb00770.x.

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Foss, Nicolai Juul. "Theories of the firm: contractual and competence perspectives." Journal of Evolutionary Economics 3, no. 2 (June 1993): 127–44. http://dx.doi.org/10.1007/bf01213830.

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Ribau, Cláudia P., António C. Moreira, and Mário Raposo. "Internationalisation of the firm theories: a schematic synthesis." International Journal of Business and Globalisation 15, no. 4 (2015): 528. http://dx.doi.org/10.1504/ijbg.2015.072535.

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Moran, Peter, and Wouter Rosingh. "Firms as Shelters and Shapers: An Extension to Theories of the Firm." Academy of Management Proceedings 2012, no. 1 (July 2012): 14126. http://dx.doi.org/10.5465/ambpp.2012.239.

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Miglo, Anton. "Financing of Entrepreneurial Firms in Canada: Some Patterns." Administrative Sciences 10, no. 3 (August 6, 2020): 50. http://dx.doi.org/10.3390/admsci10030050.

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This article analyzes the patterns of financing for entrepreneurial firms in Canada. We compare the predictions of major theories of entrepreneurial finance and some more recent ideas (e.g., crowdfunding-related ideas/theories) with empirical evidence. Regression and correlation analyses were used to analyze the connections between firms’ financing choices (e.g., debt/equity ratio) and different variables such as firm age, firm owner origin, and the fraction of intangibles assets. We found strong evidence that the financing choices of entrepreneurial firms in Canada are consistent with flexibility theory and credit rationing theory. We did not find evidence that taxes play a significant role in explaining these choices. We also found that the likelihood of using crowdfunding is consistent with local bias ideas and internet access. We also provide an overview of literature related to entrepreneurial financing in Canada and discuss its major challenges and directions for future research.

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Simarasl, Nastaran, David S. Jiang, Franz W. Kellermanns, and Bart J. Debicki. "Unmasking the Social Ghost in the Machine: How the Need to Belong and Family Business Potency Affect Family Firm Performance." Family Business Review 33, no. 4 (August 19, 2020): 351–71. http://dx.doi.org/10.1177/0894486520948992.

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Research often assumes that a controlling family’s social bonds contributes to superior firm performance. However, there is little theory to address these relationships and findings are often mixed. Here, we integrate resource-based and need-to-belong theories to address these issues, introducing family business potency as a key mediating variable between family cohesion, participative strategy processes, and firm performance in 109 family firms. Altogether, our study answers ongoing theoretical calls for more need-based psychological research in family firms, introduces family business potency to the literature, and contributes to research on family firm heterogeneity. Implications for future research and practice are also discussed.

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Kent, Pamela, and Mark Molesworth. "Incidence and incentives for the voluntary disclosure of employee entitlement information encouraged under AASB 1028." Corporate Ownership and Control 3, no. 4 (2006): 80–87. http://dx.doi.org/10.22495/cocv3i4p6.

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This paper examines the determinants of voluntary disclosure by firms of employee entitlement actuarial assumptions under AASB 1028. It draws on proprietary costs of information and stakeholder theory to make predictions about factors, which influences the disclosure of the actuarial assumptions. This framework is chosen after a review of alternative theories used to investigate voluntary disclosure. It is found that disclosure is negatively related to the power of firms’ employees, and firm economic performance. Disclosures are weakly, positively related to firm size in the multivariate model.

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Bernard, Andrew B., and Andreas Moxnes. "Networks and Trade." Annual Review of Economics 10, no. 1 (August 2, 2018): 65–85. http://dx.doi.org/10.1146/annurev-economics-080217-053506.

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Trade occurs between firms both across borders and within countries, and most trade transactions include at least one large firm with many trading partners. This article reviews the literature on firm-to-firm connections in trade. A growing body of evidence coming from domestic and international transaction data has established empirical regularities that have inspired the development of new theories emphasizing firm heterogeneity among both buyers and suppliers in production networks. Theoretical work has considered both static and dynamic matching environments in a framework of many-to-many matching. The literature on trade and production networks is at an early stage, and there are many unanswered empirical and theoretical questions.

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Journal articles on the topic 'Theories of the firm'

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