Modern Concepts of the Theory of the Firm

by Fandel, G.; Backes-Gellner, U.; Schluter, M.; Staufenbiel, J. E.; Backes-Gellner, U.; Schluter, M.

• ISBN13: 9783540405092
• ISBN10: 3540405097
• Format: Hardcover
• Copyright: 2003-12-01
• Publisher: Springer Verlag

Summary

This book analyses the situation in the new economy from a scientific point of view. The success and the failure of enterprises of the new economy create a challenge to management and to the theory of the firm. This volume answers the question in which way well-established concepts of the theory of the firm should be modified or new approaches should be created in order to run enterprises of the new economy successfully. The contributions include various fields of the theory of the firm and are therefore divided into the six essential disciplines of economic research which are production and procurement, finance, marketing, accounting, human resource management and economic organization and corporate governance.

Table of Contents

Corporate Governance	p. 1
Corporate Governance - Large and Small Corporations, Agents, Principals, Competitors	p. 3
A New Management under IT Revolution in Japan	p. 19
Marketing	p. 31
Relative Advantages of E-Business Start-Ups versus Integrated Units of Bricks-and-Mortar Companies	p. 33
E-Business Performance: A Latent Class Examination	p. 58
Success Factors of Internet-Based Business Models	p. 69
From the Old Economy towards the New Economy: Managing the Transformation from the Marketing Point of View	p. 85
Mining Product Configurator Data	p. 110
Multi-Channel Management and its Impact on Customers' Purchase Behavior	p. 122
Production and Procurement	p. 139
E-Business in Production and Procurement - Some Theoretical Perspectives	p. 141
E-Business Strategies in the Mechanical Engineering Industry An Approach to Explanations of Current Trends in E-Business Diffusion	p. 157
Elements of the Production of Services	p. 175
Strategic Supply Chain Management: A New Approach to Analyze Product Life Cycles	p. 190
An Analysis of Service Output Based on Production Theory	p. 210
E-Business and New Forms of Collaboration along the Supply Chain	p. 222
Capabilities of the Firm and their Effect on Performance - Production of Information and Communication Technology Services as an Example	p. 238
The Transaction Costs of eProcurement	p. 253
A Complexity-Based Approach to Production Management in the New Economy	p. 264
Advanced Planning Systems - Basics and beyond	p. 285
Hierarchical Planning Structures in Supply Chain Management	p. 305
Human Resource Management and Economic Organization	p. 313
Firm Foundations and Human Capital Investments: The O-Ring Approach to Organizational Equilibrium in an Emerging Industry	p. 315
Training Strategies and Remuneration Systems of Enterprises of the New and Old Economy - Similarities and Disparities	p. 339
Training: A Strategic Enterprise Decision?	p. 355
Finance	p. 367
Some New Properties of Risk Measures	p. 369
Discovery in the New Economy - Why Entrepreneurs may not Contract with Investors	p. 386
Japan's Venture Capital Market from an Institutional Perspective	p. 398
Structural Analysis of Multinational Network Organizations	p. 414
Portfolio Return Characteristics of Different Industries	p. 434
Valuation of Growth Companies and Growth Options	p. 449
Shareholder Value at Risk as an Instrument of Company Valuation	p. 474
Valuation of Intangible Assets for Financial Reporting	p. 491
Are Stars Worth their Pay?	p. 505
Accounting	p. 521
A Tale of two Bubbles: A Preliminary Look at the US Internet and Biotechnology Bubbles	p. 523
Communicating Intangible Resources for the Capital Market	p. 552
Business Valuation in the New Economy - Back to the Basics	p. 575
New Financial Accounting Standards for the New Economy? - Some Remarks on the Ongoing Debate	p. 590
Controlling the Assets of the New Economy and not only the New Economy	p. 604
The Valuation of Intangibles in New Economy Firms	p. 615
ValueReporting(TM) New Trends in Corporate Reporting	p. 633
List of Contributors	p. 643
Table of Contents provided by Publisher. All Rights Reserved.