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Nature and governance of the firm: in search of an integrated perspective

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  • Jacques-Laurent Ravix

Abstract

In this paper we argue that in order to analyse firm governance we need to reappraise the nature of the firm. Based on Austrian and Marshallian categories we consider the firm as a processor of production and knowledge, whose governance is implemented through the cooperative actions of stakeholders involved in a collective learning process. This interpretation conflicts with models of corporate governance based on shareholder-value principles.

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  • Jacques-Laurent Ravix, 2008. "Nature and governance of the firm: in search of an integrated perspective," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(4), pages 463-478.
    • Handle: RePEc:taf:irapec:v:22:y:2008:i:4:p:463-478
    DOI: 10.1080/02692170802137620
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    References listed on IDEAS

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    1. Nicolai J. Foss & Peter G. Klein (ed.), 2002. "Entrepreneurship and the Firm," Books, Edward Elgar Publishing, number 2377, March.
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    Cited by:

    1. Cécile Cézanne, 2012. "Berle and Means," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 7, Edward Elgar Publishing.
    2. Jackie Krafft & Jacques-Laurent Ravix, 2009. "The Governance of the Knowledge-Intensive Firm in an Industry Life Cycle Approach," Chapters, in: Mario Morroni (ed.), Corporate Governance, Organization and the Firm, chapter 3, Edward Elgar Publishing.

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