The Corporate Paradox: Economic Realities of the Corporate Form of Organization (Paperback)Wouter H.F.M. Cortenraad (author)
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Using modern economic theory concerning the functioning of markets and organizations, The Corporate Paradox examines how the concept of the corporation relates to the economic entity it organizes and in effect, how it may affect the use that firms make of society's valuable but scarce resources. To this end, both the economic rationales underlying the corporate form of organization and its effects on organizational and individual behavior are reviewed, with special emphasis on the separation between `ownership' and `control' and the principle of limited liability of shareholders, two features which are typical of the corporate concept. Finally, this book surveys, from a predominantly economic perspective, legal remedies that United States and Dutch law have developed in response to certain inefficiencies to which these features may give rise.
Publisher: Springer-Verlag New York Inc.
Number of pages: 402
Weight: 667 g
Dimensions: 240 x 160 x 22 mm
Edition: Softcover reprint of the original 1st ed. 200
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