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

  • Michael I. C. Nwogugu


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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© The Author(s) 2019

Authors and Affiliations

  • Michael I. C. Nwogugu
    • 1
  1. 1.EnuguNigeria

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