dc.contributor.author | Klein, Peter G. | eng |
dc.date.issued | 1999 | eng |
dc.description | Includes bibliographical references. | eng |
dc.description.abstract | In this article, I focus on the financial-market entrepreneur--what Rothbard (1962, 1985) calls the capitalist-entrepreneur-- to outline some features of an Austrian theory of corporate governance. I begin by reviewing the traditional, production-function theory of the firm and suggesting two alternative perspectives: that of the entrepreneur and that of the capitalist. I next discuss the Coasian, or �contractual� approach to the firm and argue that it provides a useful organizing framework for Austrian research on the firm. The subsequent section proposes entrepreneurship and economic calculation as building blocks for an Austrian theory of the firm. Finally, after a brief review of capital-market behavior and the disciplinary role of takeovers, I outline four areas for Austrian research in corporate governance: firms as investments, internal capital markets, comparative corporate governance, and financiers as entrepreneurs. | eng |
dc.identifier.citation | Quarterly Journal of Austrian Economics vol. 2, no. 2 (Summer 1999): 19-42. | eng |
dc.identifier.issn | 1098-3708 | eng |
dc.identifier.uri | http://hdl.handle.net/10355/162 | eng |
dc.language | English | eng |
dc.publisher | Transaction Publishers | eng |
dc.relation.ispartofcollection | Agricultural Economics publications (MU) | eng |
dc.relation.ispartofcommunity | University of Missouri-Columbia. College of Agriculture, Food and Natural Resources. Division of Applied Social Sciences. Department of Agricultural Economics | eng |
dc.subject | firm | eng |
dc.subject | captialist-entrepreneur | eng |
dc.subject.lcsh | Entrepreneurship | eng |
dc.subject.lcsh | Austrian school of economics | eng |
dc.subject.lcsh | Corporate governance | eng |
dc.title | Entrepreneurship and Corporate Governance | eng |
dc.type | Article | eng |