"The corporation as an organizational form is an enormously productive social invention. Partly because of its success it is under increasing attack from various quarters, often under the guise of “protecting” investors from self-interested managers. Some of these attacks are successful simply because the corporation is a poorly understood entity. This paper discusses what the corporation is, what it is not, and how certain misconceptions about the corporate form are fostered by its critics as part of their attack."
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Academics from the United StatesEconomists from the United StatesBusiness theorists from the United States
Original Language: English
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William H. Meckling and Michael C. Jensen, 'Reflections on the Corporation as a Social Invention,' in Controlling the Giant Corporation: A Symposium(Center for Research in Government Policy and Business, Graduate School of Management, University of Rochester, 1982
https://en.wikiquote.org/wiki/William_H._Meckling
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William H. Meckling
William H. Meckling (1921 - May 15, 1998) was an American economist and professor of Management and Government Policy and Dean at the , University of Rochester, working in the areas of "managerial economics and the economic analysis of law, and his work received international recognition" (Source: Currents, 1998).
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