3023 Theory of the Firm
Content
- Theoretical principles of the company functioning under circumstances of corporate governance. Analysis of particular theoretical approaches
- Theory of stakeholders – concepts, advanatges and critics ( Jensen, Freeman)
- Analytical scheme of the company. Analytical methods for generating system indicators
- Holistic approach to performance measurement in the context of stakeholder theory and corporate governance
- Technological theories of firm growth and the problem of firm boundaries
- S-C-P model- economical and financial efficiency. Concentration and monopoly power
- Specific transaction. Bilateral monopoly. Incomplete contracts
- Ownership as a control instrument. Agency theory
Objectives and competences
Student will:
- gain knowledge on theoretical aspects of conceiving a firm as an object that recognizes the integrity of the firm’s potentials as well as the impact of the environment on the firm,
- have a new understandings in terms of analyzing the model of the firm through an economic and systematic approach,
- be capable to understand performance measurement and analythical relations between all elements essential for a holistic approach,
- develop competencies and skills in identifying the basic models of firm structure and theoretically and argumentatively elaborate the strengths and weaknesses of a model in terms of the relevant market structure.