Gurkov
I.B. Principles for Robustness of the Firm. // Economics of
contemporary Russia 2010. ¹3
(54) Ñ.91-100.
We
present robustness of the firm as an uninterrupted exchange of
resources
between the firm and owners of resources – stakeholders. We derive the
model on
the mutually accepted conditions of exchanges for the major resources
and
indicate the firm’s limits to manipulate the exchange conditions. We
also argue
that temporary benevolent behavior of the firms towards one or several
its
stakeholders leads to accumulation of stakeholders’ quasi-rent and
contributes
to the overall robustness
of the firm.
Keywords:
robustness, stakeholders, quasi-rent, exchange conditions, models.
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