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- W4229916163 abstract "For a given technology, the ownership of the firm goes to the high agency cost factors that can save the most on agency costs when they own the organization. At the same time, owning factors choose a technology which economizes on the use of other high agency cost factors. Thus, ownership and technology define self-reinforcing multiple organizational equilibria. The institutional stability of an organizational equilibrium depends on the possibility of substituting non-owning high agency cost factors away from the organization; it increases together with the elasticity of substitution." @default.
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- W4229916163 date "1976-06-01" @default.
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- W4229916163 title "Editorial data" @default.
- W4229916163 doi "https://doi.org/10.1016/0304-405x(76)90001-5" @default.
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