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Partnerships, corporations, and the Theory of the Firm

Article Abstract:

The industrial sector during the early 1900s may be well characterized by limited partnership activities and restrained multiple proprietorship. However, as the century progressed, the trend towards consolidation became more pronounced as enterprises underscored the liberalization of charter policies. During such period, the nature, scope and number of corporate forms considerably increased, giving rise to partnerships and corporations. Among the crucial issues addressed by companies include ownership, governance and contractual agreements.

Author: Lamoreaux, Naomi R.
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1998
Corporations, Interpretation and construction, Contracts

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Accounting in partnerships

Article Abstract:

Various factors that determine the size and composition of a partnership firm offering professional services are analyzed. Results indicate that when no information is available on the efforts put in by every partner, the assignment of profit shares must trade off risk sharing and motivational objectives.

Author: Huddart, Steven, Liang, Pierre Jinghong
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2003
United States, Profit Sharing

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Competition, risk, and managerial incentives

Article Abstract:

The relationship between managerial incentives, product market competition and risks is analyzed.

Author: Raith, Michael
Publisher: American Economic Association
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2003
Services information, New York, Management Compensation, Competition (Economics), Services, Executives, Executive compensation

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Subjects list: Analysis, Partnership, Partnerships, Management, Risk management, Company business management
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