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- Title
From Inside the Firm to The Growth Process.
- Authors
Martimort, David; Verdier, Thierry
- Abstract
This paper argues that the internal organization of the firm and the growth process interact strongly to determine simultaneously the power of incentives within the firm and the growth rate. We show how agents within the firm can invest either by using their own human capital or by relying on some form of reputational capital to secure implicit relationships within the firm and we discuss how these investments affect the growth rate of the economy.
- Subjects
BUSINESS finance; ECONOMICS; INDUSTRIAL management; INVESTMENTS
- Publication
Journal of the European Economic Association, 2003, Vol 1, Issue 2/3, p621
- ISSN
1542-4766
- Publication type
Article
- DOI
10.1162/154247603322391251