CORPORATE STRATEGIES – THE INSTITUTIONAL APPROACH Cover Image
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CORPORATE STRATEGIES – THE INSTITUTIONAL APPROACH
CORPORATE STRATEGIES – THE INSTITUTIONAL APPROACH

Author(s): Krzysztof Waśniewski
Subject(s): Economy
Published by: ASERS Publishing
Keywords: Iinstitutional economics; strategy; corporation

Summary/Abstract: The present paper introduces a model of corporate strategies, based on institutional theories of the firm and formalized with the concepts of the theory of games. Corporate strategies are balanced outcomes of four social games: capital market, corporate governance, product market and social responsibility. Two empirical applications of the model are then introduced: a qualitative one, consisting in comparative study of strategies deployed by Royal Dutch Shell and Israel Corporation, then a quantitative one, presenting a study of capital accumulation and operational efficiency in 79 companies listed in the Warsaw Stock Exchange.

  • Issue Year: II/2011
  • Issue No: 03
  • Page Range: 47-67
  • Page Count: 21
  • Language: English
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