Mathematical sociology: a trend report and bibliography
In: Current sociology 23,3
8 Ergebnisse
Sortierung:
In: Current sociology 23,3
In: The American journal of sociology, Band 104, Heft 5, S. 1576-1577
ISSN: 1537-5390
In: The American journal of sociology, Band 101, Heft 5, S. 1333-1365
ISSN: 1537-5390
In: Annual review of sociology, Band 4, Heft 1, S. 345-371
ISSN: 1545-2115
In: Annual review of sociology, Band 25, Heft 1, S. 121-144
ISSN: 1545-2115
▪ Abstract This essay reviews research on the type and degree of fragmentation of firm ownership with an emphasis on the consequences of ownership organization for firm performance. We use a property rights approach to synthesize sociological, organizational, legal, and economic research that has examined the effect of ownership organization on firm performance. Agency theorists generally assume that shareholders are homogenous and that their influence on firm performance is directly proportional to the percentage of equity they hold. However, empirical research following this approach has failed to produce definitive evidence. Class analysis perspectives interpret these inconclusive results as demonstrating that, regardless of ownership organization, firms are run to serve the capitalist class. An alternative interpretation is that shareholders are not homogeneous but that certain types of shareholders use their formal authority, social influence, and expertise to "capture" property rights and strongly influence firm performance. The influence of different types of owners may depend on industry characteristics, and we review literature pointing to a contingency theory of ownership organization.
In: The sociological quarterly: TSQ, Band 27, Heft 1, S. 1-13
ISSN: 1533-8525
In: Research in social stratification and mobility 21.2004
In: Canadian Journal of Sociology / Cahiers canadiens de sociologie, Band 1, Heft 1, S. 75