{"product_id":"9780792386957","title":"The Corporate Paradox: Economic Realities of the Corporate Form of Organization","description":"\u003ch1\u003eThe Corporate Paradox: Economic Realities of the Corporate Form of Organization\u003c\/h1\u003e \u003ch2\u003eCortenraad, Wouter H.F.M.\u003c\/h2\u003e \u003cp\u003eThe `corporation' is by far the most successful legal concept  of organization among large business firms. Yet there are numerous  examples of firms operated in corporate form that were troubled either  by internal problems arising from divergences of interests between the  firm's various constituents (notably, managers and investors), or by  conflicts with other members of society (including both victims of  accidents or environmental pollution caused by the firm and unpaid  creditors in the event of business failure). It is this paradox  between the corporation's \u003cem\u003eprima facie\u003c\/em\u003e success and its apparent  ambiguity in other respects that is examined in this book. \u003cbr\u003e  Using modern economic theory concerning the functioning of markets and  organizations, \u003cem\u003eThe Corporate Paradox\u003c\/em\u003e examines how the concept of  the corporation relates to the economic entity it organizes and in  effect, how it may affect the use that firms make of society's  valuable but scarce resources. To this end, both the economic  rationales underlying the corporate form of organization and its  effects on organizational and individual behavior are reviewed, with  special emphasis on the separation between `ownership' and `control'  and the principle of limited liability of shareholders, two features  which are typical of the corporate concept. Finally, this book  surveys, from a predominantly economic perspective, legal remedies  that United States and Dutch law have developed in response to certain  inefficiencies to which these features may give rise.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 1999-11-30\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9780792386957\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-1-4615-4619-1\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 402\u003c\/p\u003e ","brand":"Springer US","offers":[{"title":"Default Title","offer_id":46312553021580,"sku":"9780792386957","price":197.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780792386957.jpg?v=1771526603","url":"https:\/\/lateknightbooks.com\/products\/9780792386957","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}