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Asset commitment, constitutional governance and the nature of the firm

机译:资产承诺,宪法治理和公司性质

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摘要

Integrating organization theory, organizational economics, and organizational law considerations, it is argued that the 'nature of the firm' can be more completely understood if it is considered a complete society-establishing contract, including constitutional pacts on procedures for the selection of actions, rather than a nexus of incomplete transactional contracts complemented by authority, power, or relational norms. The explanation is more general since firm-establishing contracts are a sub-set of those society-establishing contracts that are capable of regulating any venture in condition of high uncertainty and potential conflict, and because the constitutional regime adopted (authority-based, democratic, or other) becomes a specification of particular types of firms rather than part of the explanation of the firm. Evidence from published studies, as well as from newly gathered data on firm-founding contracts and other partnership establishing contracts (500 record database on large multi-party projects), document that actual contracts under uncertainty do fit the hypothesized pattern.
机译:结合组织理论,组织经济学和组织法律考虑因素,有人认为,如果将“公司的性质”视为完整的建立社会的合同,包括关于诉讼选择程序的宪法公约,而不是由不完整的交易合同,权威,权力或关系规范所补充的联系。这种解释更为笼统,因为建立公司合同是那些能够在高度不确定性和潜在冲突的情况下对任何企业进行监管的建立社会合同的子集,并且因为采用了宪法制度(基于权威,民主,或其他)成为特定类型企业的规范,而不是企业解释的一部分。来自已发表研究的证据以及新近收集的有关公司创始合同和其他合伙建立合同的数据(大型多方项目的500个记录数据库)证明,不确定性下的实际合同确实符合假设的模式。

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