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Complex Systems, Multi-Sided Incentives and Risk Perception in Companies pp 677–718Cite as

Palgrave Macmillan

Complex Systems and International Political Economy: The Externalities/Governmental-Influence Theory of the Firm

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Abstract

This Chapter presents a new theory of the corporate entity, economic growth (the Externalities/Governmental Theory) and bankruptcy/financial distress; and discusses the growing relationships among government and the private sector, and the sociological, public policy and legal issues that influence the creation and evolution of corporate entities and sometimes result in financial distress. These theories can be helpful in modeling the rates of business formation, corporate financial distress and corporate bankruptcy; and in modeling the evolution of corporate entities.

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Notes

  1. 1.

    On different approaches to the theory-of-the-firm, See Metjahic (2018), Davidson et al. (2016), Reijers et al. (2016), Barr and Saraceno (2002), Samuel and Jacobsen (1997), Paredes-Frigolett et al. (2017), Wright (June 2017), Earnest and Wilkinson (2018), Varian (June 2018), Glocer (2017), Liu (December 12, 2017), Allen and Overy (2016), Ciepley (2013), Langlois (1995), Gifford (1991), Kaisla (2001), Witt and Schubert (2008), Anderson (1999), Ghoshal et al. (1995), Lewin (1998), Langlois (2006), Langlois and Robertson (1993/2002), Brown and Eisenhardt (1997), Schneider and Somers (2006), Teece (2015, 2016), Estola (2001), Kwasnicki (2001), Lomi and Larsen (1998), Akgün et al. (2014), Thompson and Valentinov (2017), Hölzl (2005), Paredes-Frigolett et al. (2017), Song and Bae (2016), Dominici (2017), Hsiao et al. (2010), Tsay et al. (2018), Alghalith (2008), Mondani et al. (2014), Yamasaki et al. (2006), Buldyrev et al. (2016), Fu et al. (2005), Lee et al. (1998), and Riccaboni et al. (2008).

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  1. Enugu, Nigeria

    Michael I. C. Nwogugu

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Nwogugu, M.I.C. (2019). Complex Systems and International Political Economy: The Externalities/Governmental-Influence Theory of the Firm. In: Complex Systems, Multi-Sided Incentives and Risk Perception in Companies. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-44704-3_12

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  • DOI: https://doi.org/10.1057/978-1-137-44704-3_12

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