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Book Description Hardcover. Condition: new. Hardcover. 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 governedin 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 seescorporations 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. Aoki analyses 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 asplayers 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 diversityincorporated in the global corporate landscape; and how they now call for new roles for financial markets. 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 major new book, one of our most eminent economists provides a compelling new analysis of the firm; the role of shareholders, managers and workers; and institutional governance structures. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780199218530
Book Description Condition: New. Seller Inventory # 9613134-n