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Autor
Mihályi Peter (Corvinus University of Budapest)
Tytuł
The Motivation of Business Leaders in Socialist and Market-Based Systems (an Essay to Celebrate the 90th Birthday of János Kornai)
Źródło
Economics and Business Review, 2017, vol. 3 (17), nr 3, s. 100-111, rys., tab., bibliogr. 19 poz.
Słowa kluczowe
Analiza porównawcza, Wielowymiarowa analiza porównawcza, Ład korporacyjny, Ustrój socjalistyczny, Gospodarka socjalistyczna, Społeczeństwo socjalistyczne, Badanie przedsiębiorstw
Comparative analysis, Multi-dimensional comparative analysis, Corporate governance, Socialist system, Socialist economy, Socialist society, Enterprises study
Uwagi
Klasyfikacja JEL: B31, G32, P31
summ.
Kornai Janos
Abstrakt
Janos Kornai was well ahead of mainstream economic thought in comprehending that senior executives have been operating in an intrinsically contradictory situation both in socialist and market-based economies and that there is no full remedy to handle conflicts of interest which arise. Kornai presented a comprehensive theory on this in his most important book, the Anti-Equilibrium, as early as 1971. The difficulties experienced by state-owned enterprises (SOEs) were not rooted merely in the socialist ownership form, but they were, to a significant extent, caused by the fact that SOEs were typically very large firms. (original abstract)
Dostępne w
Biblioteka Główna Uniwersytetu Ekonomicznego w Krakowie
Biblioteka Szkoły Głównej Handlowej w Warszawie
Biblioteka Główna Uniwersytetu Ekonomicznego w Poznaniu
Pełny tekst
Pokaż
Bibliografia
Pokaż
  1. Arrow, K. J., & Debreu, G. (1954). Existence of an equilibrium for a competitive economy. Econometrica, 22(3), 265-290.
  2. Bauer, T. (1976). The contradictory position of the enterprise under the new Hungarian economic mechanism. Eastern European Economics, 15(1), 3-23.
  3. Berle, A. A., & Means, G. C. (1932). The modern corporation and private property. New York: Macmillan.
  4. Demsetz, H., & Lehn, K. (1985). The structure of corporate ownership: causes and consequences. Journal of Political Economy, 93(6), 1155-1177.
  5. Fama, E., & Jensen, M. (1983). Separation of ownership and control. Journal of Law and Economics, 26(2), 301-325.
  6. Galbraith, J. K. (1967). The new industrial state. Boston: Houghton Mifflin.
  7. Girma, S., Thompson, S., & Wright, P. (2002). Multinational activity and CEO compensation. Preliminary evidence from large UK firms. Weltwirtschaftliches Archiv, 138(4), 680-693.
  8. Kahneman, D. (2011). Thinking, fast and slow. New York: Farrar, Straus and Giroux.
  9. Keynes, J. M. (1936/1964). The general theory of employment, interest, and money, A Harvest/HBJ edition, New York and London.
  10. Kornai, J. (1971). Anti-equilibrium. On economic systems theory and the tasks of research. Amsterdam: North Holland.
  11. Kornai, J. (1980). The economics of shortage. Amsterdam: North-Holland.
  12. Kornai, J. (1992). The socialist system. The political economy of communism. Princeton: Princeton University Press.
  13. Liberman, J. (1962). Plan, pribil, premija. Pravda, 9 September.
  14. Mihalyi, P. (1993). Property rights and privatization. The threeagent model. A case study on Hungary. Eastern European Economics, 31(2), 564.
  15. Mihalyi, P. (1997). Corporate governance during and after privatisation. The lessons from Hungary. Discussion Paper, No. 17/97. Frankfurt: Frankfurter Institut fur Transformationsstudien.
  16. Mihalyi, P. (2013). Janos Kornai's Anti-equilibrium, a harbinger of evolutionary economics. Acta Oeconomica, 63(3), 367-375.
  17. Mihalyi, P. (2017). Kaldor and Kornai on economics without equilibrium: two life courses. Acta Oeconomica, Special issue, 47-66.
  18. Pejovich, S. (1990). The economics of property rights. Towards a theory of comparative systems. Boston: Kluwer Academic Publishers.
  19. Smith, A. (1776/1976). An inquiry into the wealth of the nations. Chicago: Chicago University Press.
Cytowane przez
Pokaż
ISSN
2392-1641
Język
eng
URI / DOI
http://dx.doi.org/10.18559/ebr.2017.3.6
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