Theory of the firm Essays

that I have choose to explain the trade-off theory of capital structure is “A survey of the trade-off theory of corporate financing” which is written by Chikashi TSUJI. According to this journal, the author show that the study of the trade-off theory of capital structure and the survey of the experiential evidence to support the trade-off theory for the US capital market and other international countries. Trade-off theory of capital structure is the theory that a company used to balance the company’s

two different categories: general and firm-specific education. The difference between these two types is not based on the type of education that an employee receives, but whether the skills that an employee gains are transferable to another firm. The theory of human capital suggests that a firm will only provide firm-specific education to its employees, as this type will be the most beneficial for the firm (Kessler & Lülfesmann, 2006). Contrary to the theory of human capital, would investment in

work in which all the relevant theories and empirical papers are elucidated in order to frame an intact framework for the research work. The main purpose of this part is to provide guideline to the research that will enhance realisation of research objectives and providing answers for the research questions. It is divided into two building blocks, which include theoretical framework and empirical findings. The theoretical framework enhances an understanding of the theories and concepts that enhance an

categories of theories and techniques in job design to motivate employees: 1. Content theories by Maslow, McClelland, Herzberg and Alderfer. 2. Process theories such as Job Rotation, Job Enlargement and Enrichment; Herzberg’s Two-Factor Theory, The Hackman and Oldham Model and Empowerment. Part 1 of this assignment is to theoretically analyse and review of five selected journals and articles that relevant to Job Design and Motivational Techniques under the category of Process Theories. Part 2 of

Legitimacy theory The legitimacy theory relies upon the notion that there is a “social contract” between an organization and the society in which it operates. Therefore, corporations try to legitimize their corporate actions by engaging in CSR activities to get the approval from society (societal approach) and thus, ensuring their continuing existence. The social contract represents countless expectations that society has about how an organization should conduct its operations. The legitimacy theory stems

2.5.6 Life Cycle Theory "The basic premise of the theory of the cycle of organizational life is that the firm in a manner similar to living organisms, progressing through a number of stages of life, beginning with birth and ends with death" (FRIELINGHAUS et al., 2005, f. 9). According to authorities, the life cycle of a business affects the capital structure of a firm, because the transition from one stage to another, financial needs can be different (Adizes, 1979, p. 4). The progress of a business

process entailed 21 rounds of negotiation and five different Prime Ministers of Australia, a deal was struck in September of 2015. In this paper, I will use the factors model and firm-level trade theory to explain the free trade agreement made between China and Australia, and highlight areas that contradict model/theory predictions, concluding that the factors model is more comprehensive in explaining and predicting outcomes of the China-Australia free trade agreement. Factors Model The factors model

Game theory Generally, game theory is a play when the sides can cooperate or conflict with each other. It is applied to situations where two different agents are depended on each other’s choices. The agents can be anyone starting from people ending with companies. The main benefit of game theory is the method that it creates to analyze problems connected with strategic choices There are two major types; first type of theory is cooperative theory. It s mainly used in political science, in this

THEORETICAL FRAMEWORK Two traditional capital structure theories guide most academic literature concerning financing decisions; the pecking order theory and the (static) tradeoff theory. This section will elaborate on the implications of these theories in order to clarify that the market timing theory cannot be explained by one of these theories. The existing academic literature concerning market timing will also be discussed in this section. Tradeoff theory In a perfect market without taxes, costs of financial

Why do many neorealists liken states in the international system to firms in a capitalist market?  How valid is that analogy? Neorealism has emerged as a contemporary theory that attempts to explain the interaction of states on an international level. Oftentimes neorealists compare states in the international system and firms in a capitalist market. There are a number of factors that can be described as similarities or differences between the two and for the sake of brevity, only a few will be discussed

Danielson and Scott (2006) found out that US firms with less than 250 employees take decisions on potential investments using much less sophisticated methods than those suggested by capital budgeting theory. It is observed by the authors that discounted cash flow methods are usually used less frequently than subjective assessments, payback period and accounting rate of return. Small businesses have owners with very less formal education and their teams have incomplete management teams. Hence, a lack

Introduction Fordism and Keynesianism were the dominant economic theories and drivers of economic strategy since Henry Ford introduced his new mass production theories in the 1890’s. Ford reinvented the production process through his mass production lines where everything was homogenous. It meant that goods could be mass-produced and therefor were much cheaper to make and to purchase, however everything was the same and customers had no choice in what they could buy. This brought about the birth

jobs (Damij et al, 2015). It is worth noting that in the current competitive economy and business arena, ways of motivating employees remains to the primary concern of any firm or company management. The above continues to be a priority for many businesses regardless of whether the economy is growing or shrinking. Some theories point out to employee involvement (participation and provision of incentives as strategies for motivating employees. It is imperative to bear in mind that motivated employees

levels of the organization. The larger organizational strategy is created by top management whereas adopting goals and plans to fulfill the overall strategy gradually is done by middle and lower management. Having an indepth understanding of the theories of organizational leadership will help to promote growth and develop leadership skills in order that prospective leadership can be identified during recruitment process (Guzman, 2017). Haynes & Associates

Theoretical Lens The concepts that framed the gender imbalance discourse originated from critical theories that guided organizational processes in the past. However, these ideas evolved into practices, which appear to now constitute limitations to and threaten women’s career progress and firm output (Higgs, 2003). Scholars have researched into why some organizations continued to rely on the critical theories that framed policy direction on gender issues despite its impact on top management diversity and

Four firm concentration ratio for the industry in 2015 is 71.6%. It has increased since 2000, when it totalled 67.3%. One reason of the increase is Morrisons acquisition of Safeway, a subsidiary of American Safeway Inc. The rise of the large supermarket chains has lead to the decline of small shops. Over the last 5 years the number of independent retailers decreased, from 35,000 to 25,000. 4.2 Economies of scale The term economies of scale refer to savings that are made as a result of increasing

capital structure determinants in the GCC. Another is that countries in the GCC operate in a tax free environment. This eliminates the tax free advantage in determining capital structure as pointed out in the trade off theory (Hait, 2012). Apart from the tax free environment, firms operate in an environment that makes them unique from other emerging markets. For example, capital markets are less developed than other emerging markets (Bley and Chen, 2006). As a result, bankruptcy costs are lower because

diminishing marginal. The -ve slope of the LRAC curve signifies economies of scale and increasing returns to scale. On the contrary, the +ve slope of the LRAC curve represents diseconomies of scale. I completely agree with the recent development in cost theory that

using the data and keep intact the talent absorption, talent management and talent development which organizations revealed that the impact on the competitive edge. This study provides useful insights on the relationship between career development and firm performance. In-depth study did not discuss this point, it was obvious that depends on the existence of the other. Organizations can also play an important role in identifying career opportunities for self-development and provide abundant opportunities

The theory of performative conception of race can be thought as both race md gender discrimination. Due to the conception of race theory being a vulnerability, a person’s identity performance must be taken into consideration. Work promotion, wage increases, and overall work evaluations can be hindered or overlooked based on socio-demographic backgrounds of Black women. The performative conception of race theory is a national issue for many Black women with whom are trying to thrive in their work