Cultural variation in the theory of the firm

This paper presents a model of the firm that includes the possibility of firm and employee on-the-job decision making based on alternatives to profit and utility maximization. Such alternatives are relevant and significant when explaining firm activity in cultural environments in which self-interest...

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Bibliographic Details
Published inJournal of post Keynesian economics Vol. 28; no. 2; pp. 277 - 293
Main Author KATZNER, DONALD W.
Format Journal Article
LanguageEnglish
Published Abingdon Routledge 01.12.2005
M. E. Sharpe
M.E. Sharpe, Inc
Taylor & Francis Ltd
SeriesJournal of Post Keynesian Economics
Subjects
Business models
Clans
Comparative economics
Culture
Decision making
Economic theory
Economic value
Employee motivation
Enterprises
Europe
Firm theory
Japan
Japanese culture
Japanese firm
Pareto efficiency
Post Keynesian economics
Productivity
Self interest
Social responsibility
Studies
U.S.A
Utility functions
Utility maximization
Utility theory
Western firm
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Summary:This paper presents a model of the firm that includes the possibility of firm and employee on-the-job decision making based on alternatives to profit and utility maximization. Such alternatives are relevant and significant when explaining firm activity in cultural environments in which self-interest is not considered to be a primary force driving human behavior. Three types of firms are defined and their properties are compared: the Western firm, the Japanese firm, and the clan. The third is a combination of the first two.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0160-3477
1557-7821
DOI:10.2753/PKE0160-3477280206