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Corporations in economic development

In: A General Theory of Economic Development

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Abstract

This chapter discusses the important role of the corporate firm in capitalism and in economic development. Firms are seen as complementing markets, as a market expander by helping to overcome transaction costs in the overall economy by their command-and-control structures. The chapter also discusses how corporate growth incentives can be secured without necessarily encouraging monopoly power.

Suggested Citation

  • ., 2017. "Corporations in economic development," Chapters, in: A General Theory of Economic Development, chapter 6, pages 104-114, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17144_6
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    Citations

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    Cited by:

    1. Harvey, Charles & Maclean, Mairi & Price, Michael, 2020. "Executive remuneration and the limits of disclosure as an instrument of corporate governance," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 69(C).
    2. Tanja Sobko & Gavin T. L. Brown, 2021. "The Influence of Connectedness to Nature on Psychological Well-Being: Evidence from the Randomized Controlled Trial Play&Grow," Challenges, MDPI, vol. 12(1), pages 1-16, May.
    3. Sarkki, Simo, 2017. "Governance services: Co-producing human well-being with ecosystem services," Ecosystem Services, Elsevier, vol. 27(PA), pages 82-91.
    4. Benjasak, Chonlakan & Bhattarai, Keshab, 2017. "General Equilibrium Impacts VAT and Corporate Tax in Thailand," MPRA Paper 88816, University Library of Munich, Germany, revised 01 Jul 2018.
    5. Lieberman, Alicea & Duke, Kristen E. & Amir, On, 2019. "How incentive framing can harness the power of social norms," Organizational Behavior and Human Decision Processes, Elsevier, vol. 151(C), pages 118-131.

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