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Can contractual theories of the firm explain the existence of knowledge-intensive firms?

Year: 1997
Type: article
Abstract: This paper argues that the existence of knowledge-intensive firms pose puzzelments for the contractual theories of the firm.For example, in knowledge-intensive firms physical assets are widely absent, the nature of employment relations and assetownership are much less clear compared to industrial firms.Although knowledge-intensive firms account for a growing share in wealth-creation and employment, they have hitherto made relatively little impact on contributions to the contractual theories of the firm (e.g. the work associated with Coase, 1937;
Language: English
Open Access status: green
OpenAlex ID: W2182418729
FWCI: 1.661
Cites: 44
Cited by: 5
Related to: 10