EBOOK Corporations in Evolving Diversity:Cognition, Governance, and Institutions -

EBOOK Corporations in Evolving Diversity:Cognition, Governance, and Institutions
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Wydawnictwo: Oxford University Press
ISBN: 9780191613579
EAN: F45010DBEB
Format: 0,0 x 0,0 x 0,0
Oprawa: ...
Stron: 232
Data wydania: 2010
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The 2008-9 financial crisis demands we look anew at the role of corporations, and        the working of financial markets around the world. In this challenging and        insightful book, one of our most eminent economists provides a compelling new        analysis of the corporate firm; the role of shareholders, managers and workers; and        institutional governance structures.In recent decades the firm has predominantly        been seen as an organization run and governed in the interests of shareholders,        where management act as the agent of shareholders, and the workers simply as        instruments for share-value maximization. This book reverses this viewpoint. It sees        corporations as associational cognitive systems where 'cognitive actions' are        distributed amongst managers and workers, with shareholders supplying 'cognitive        tools' and monitoring their use in the systems. Aokianalyses the different        relationships that can exist between shareholders, managers, and workers from this        perspective, and identifies a range of different models of organizational        architecture and associated governance structures. He also discusses ways in which        corporations act as players in social,political, and organizational games, as well        as global economic games; how these inter-related social dynamics may change        particular, distinctive national structures into the diversity incorporated in the        global corporate landscape; and how they now call for new roles for financial        markets.

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