Matches in SemOpenAlex for { <https://semopenalex.org/work/W2090566418> ?p ?o ?g. }
- W2090566418 endingPage "468" @default.
- W2090566418 startingPage "447" @default.
- W2090566418 abstract "This paper develops a Walrasian general equilibrium model based on transaction cost and specialization to investigate the emergence and evolution of the role of management services in a competitive market with the general concern of corporate governance. It explains the reason why along the commercialization and modernization of human society, there is substantial increment of professional managers available for business world, and also becoming more affordable for more business companies. With the improvement of transaction efficiency, the market demand of professional managers are more preferred and profitable, which will also bring about new business structures and new economic institutional systems to improve the well-being to the overall members of society. Thereby, hiring professional managers in a competitive market can promote aggregate productivity by enlarging the scope for trading off network effects of the division of labor on aggregate productivity against transaction costs. To business practitioners, this model suggests hiring professional managers a key element of business viability during that a major transition took place in human society. China's recent practices in ownership transformation and corporate governance have also been examined, which further proves our argument that performance and effectiveness of interaction and interrelation between ownership and corporate governance are endogenously determined by different market conditions. It is impossible to achieve success ownership transformation and establish effective corporate governance without upgraded changes and consecutive adjustment and improvement of market conditions to facilitate the solid function of market mechanism." @default.
- W2090566418 created "2016-06-24" @default.
- W2090566418 creator A5080163144 @default.
- W2090566418 date "2007-09-01" @default.
- W2090566418 modified "2023-09-26" @default.
- W2090566418 title "Transaction cost, corporate governance and division of labor—A general equilibrium analysis of professional managers and its implication to China's practice" @default.
- W2090566418 cites W1492460295 @default.
- W2090566418 cites W1497897554 @default.
- W2090566418 cites W1509593629 @default.
- W2090566418 cites W1542459418 @default.
- W2090566418 cites W1566344170 @default.
- W2090566418 cites W1576321807 @default.
- W2090566418 cites W1619462857 @default.
- W2090566418 cites W171670394 @default.
- W2090566418 cites W1899786413 @default.
- W2090566418 cites W1963983878 @default.
- W2090566418 cites W1991023394 @default.
- W2090566418 cites W2015930340 @default.
- W2090566418 cites W2018773052 @default.
- W2090566418 cites W2024045908 @default.
- W2090566418 cites W2030132760 @default.
- W2090566418 cites W2040624157 @default.
- W2090566418 cites W2041437496 @default.
- W2090566418 cites W2049914960 @default.
- W2090566418 cites W2056621186 @default.
- W2090566418 cites W2066557547 @default.
- W2090566418 cites W2070639717 @default.
- W2090566418 cites W2082498615 @default.
- W2090566418 cites W2090542468 @default.
- W2090566418 cites W2138408150 @default.
- W2090566418 cites W2149269350 @default.
- W2090566418 cites W2149902237 @default.
- W2090566418 cites W2152695475 @default.
- W2090566418 cites W2158999785 @default.
- W2090566418 cites W2160184254 @default.
- W2090566418 cites W2168148445 @default.
- W2090566418 cites W2321396344 @default.
- W2090566418 cites W2359314130 @default.
- W2090566418 cites W2478818832 @default.
- W2090566418 cites W2501809840 @default.
- W2090566418 cites W2566856888 @default.
- W2090566418 cites W2573968015 @default.
- W2090566418 cites W2752617332 @default.
- W2090566418 cites W3121693921 @default.
- W2090566418 cites W3121710791 @default.
- W2090566418 cites W3122106090 @default.
- W2090566418 cites W3122859634 @default.
- W2090566418 cites W3123046570 @default.
- W2090566418 cites W3124164275 @default.
- W2090566418 cites W579832143 @default.
- W2090566418 cites W606735427 @default.
- W2090566418 cites W616104118 @default.
- W2090566418 cites W1503687797 @default.
- W2090566418 cites W2315556200 @default.
- W2090566418 doi "https://doi.org/10.1016/j.ribaf.2006.12.007" @default.
- W2090566418 hasPublicationYear "2007" @default.
- W2090566418 type Work @default.
- W2090566418 sameAs 2090566418 @default.
- W2090566418 citedByCount "4" @default.
- W2090566418 countsByYear W20905664182014 @default.
- W2090566418 countsByYear W20905664182021 @default.
- W2090566418 crossrefType "journal-article" @default.
- W2090566418 hasAuthorship W2090566418A5080163144 @default.
- W2090566418 hasConcept C10138342 @default.
- W2090566418 hasConcept C121955636 @default.
- W2090566418 hasConcept C144133560 @default.
- W2090566418 hasConcept C162324750 @default.
- W2090566418 hasConcept C204983608 @default.
- W2090566418 hasConcept C39389867 @default.
- W2090566418 hasConcept C40700 @default.
- W2090566418 hasConcept C50522688 @default.
- W2090566418 hasConcept C98965940 @default.
- W2090566418 hasConceptScore W2090566418C10138342 @default.
- W2090566418 hasConceptScore W2090566418C121955636 @default.
- W2090566418 hasConceptScore W2090566418C144133560 @default.
- W2090566418 hasConceptScore W2090566418C162324750 @default.
- W2090566418 hasConceptScore W2090566418C204983608 @default.
- W2090566418 hasConceptScore W2090566418C39389867 @default.
- W2090566418 hasConceptScore W2090566418C40700 @default.
- W2090566418 hasConceptScore W2090566418C50522688 @default.
- W2090566418 hasConceptScore W2090566418C98965940 @default.
- W2090566418 hasIssue "3" @default.
- W2090566418 hasLocation W20905664181 @default.
- W2090566418 hasOpenAccess W2090566418 @default.
- W2090566418 hasPrimaryLocation W20905664181 @default.
- W2090566418 hasRelatedWork W1971229137 @default.
- W2090566418 hasRelatedWork W2095331822 @default.
- W2090566418 hasRelatedWork W2386508759 @default.
- W2090566418 hasRelatedWork W2388609409 @default.
- W2090566418 hasRelatedWork W2799802497 @default.
- W2090566418 hasRelatedWork W3009847566 @default.
- W2090566418 hasRelatedWork W3122100884 @default.
- W2090566418 hasRelatedWork W3122722293 @default.
- W2090566418 hasRelatedWork W3170593197 @default.
- W2090566418 hasRelatedWork W4312217078 @default.
- W2090566418 hasVolume "21" @default.
- W2090566418 isParatext "false" @default.
- W2090566418 isRetracted "false" @default.