Modern Evidence on the Firm

  • Masten S
  • 45


    Mendeley users who have this article in their library.
  • 17


    Citations of this article.


A commentary on the overall state of knowledge, particularly, the lessons that can be gleaned from the empirical literature about the relative usefulness of transaction-cost and agency theories of the firm and about the value of continued research on economic organization is presented. The literature on firm performance cannot sustain generalizations about the direction, much less the magnitude, of the effects of organizational form on performance. Overall, much more is known about the determinants of organizational form now than 20 years ago.

Get free article suggestions today

Mendeley saves you time finding and organizing research

Sign up here
Already have an account ?Sign in

Find this document


Cite this document

Choose a citation style from the tabs below

Save time finding and organizing research with Mendeley

Sign up for free