The Social Contract of the Firm
Download or Read eBook The Social Contract of the Firm PDF written by Lorenzo Sacconi and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 240 pages. Available in PDF, EPUB and Kindle.
| Author | : Lorenzo Sacconi |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 240 |
| Release | : 2012-12-06 |
| ISBN-10 | : 9783642573002 |
| ISBN-13 | : 3642573002 |
| Rating | : 4/5 (02 Downloads) |
Book Synopsis The Social Contract of the Firm by : Lorenzo Sacconi
Book excerpt: In order to survive as a social institution a firm needs a constitutional social contract, even though implicit, among its stakeholders. This social contract must exist if an institution is to be justified. The book focuses on two main issues: To find out the terms of the hypothetical agreement among the firm's stakeholders in an ex ante perspective and to understand the endogenous mechanism generating appropriate incentives that induce to comply with the social contract itself, as seen in the ex post perspective.
