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020 _a9780674038301
_qPDF
024 7 _a10.4159/9780674038301
_2doi
035 _a(DE-B1597)9780674038301
035 _a(DE-B1597)574519
035 _a(OCoLC)1294426001
040 _aDE-B1597
_beng
_cDE-B1597
_erda
050 4 _aHD2785 ǂb H32 1996eb
072 7 _aBUS069000
_2bisacsh
082 0 4 _a338.70973
084 _aonline - DeGruyter
100 1 _aHansmann, Henry
_eautore
245 1 4 _aThe Ownership of Enterprise /
_cHenry Hansmann.
264 1 _aCambridge, MA :
_bHarvard University Press,
_c[2009]
264 4 _c2000
300 _a1 online resource (384 p.)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_tIntroduction --
_tPART I A Theory of Enterprise Ownership --
_t1 An Analytic Framework --
_t2 The Costs of Contracting --
_t3 The Costs of Ownership --
_tPART II Producer-Owned Enterprise --
_t4 Investor-Owned Firms --
_t5 The Benefits and Costs of Employee Ownership --
_t6 Governing Employee-Owned Firms --
_t7 Agricultural and Other Producer Cooperatives --
_tPART III Customer-Owned Enterprise --
_t8 Retail, Wholesale, and Supply Firms --
_t9 Utilities --
_t10 Clubs and Other Associative Organizations --
_t11 Housing --
_tPART IV Nonprofit and Mutual Enterprise --
_t12 Nonprofit Firms --
_t13 Banks --
_t14 Insurance Companies --
_tConclusion --
_tNotes --
_tSources --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aThe investor-owned corporation is the conventional form for structuring large-scale enterprise in market economies. But it is not the only one. Even in the United States, noncapitalist firms play a vital role in many sectors. Employee-owned firms have long been prominent in the service professions--law, accounting, investment banking, medicine--and are becoming increasingly important in other industries. The buyout of United Airlines by its employees is the most conspicuous recent instance. Farmer-owned produce cooperatives dominate the market for most basic agricultural commodities. Consumer-owned utilities provide electricity to one out of eight households. Key firms such as MasterCard, Associated Press, and Ace Hardware are service and supply cooperatives owned by local businesses. Occupant-owned condominiums and cooperatives are rapidly displacing investor-owned rental housing. Mutual companies owned by their policyholders sell half of all life insurance and one-quarter of all property and liability insurance. And nonprofit firms, which have no owners at all, account for 90 percent of all nongovernmental schools and colleges, two-thirds of all hospitals, half of all day-care centers, and one-quarter of all nursing homes.Henry Hansmann explores the reasons for this diverse pattern of ownership. He explains why different industries and different national economies exhibit different distributions of ownership forms. The key to the success of a particular form, he shows, depends on the balance between the costs of contracting in the market and the costs of ownership. And he examines how this balance is affected by history and by the legal and regulatory framework within which firms are organized.With noncapitalist firms now playing an expanding role in the former socialist countries of Eastern Europe and Asia as well as in the developed market economies of the West, The Ownership of Enterprise will be an important book for business people, policymakers, and scholars.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 26. Aug 2024)
650 7 _aBUSINESS & ECONOMICS / Economics / General.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.4159/9780674038301?locatt=mode:legacy
856 4 0 _uhttps://www.degruyter.com/isbn/9780674038301
856 4 2 _3Cover
_uhttps://www.degruyter.com/document/cover/isbn/9780674038301/original
942 _cEB
999 _c189623
_d189623