The Motivation of Business Leaders in Socialist and Market-Based Systems (an Essay to Celebrate the 90th Birthday of János Kornai)

• Autorzy: Peter Mihályi
• Języki publikacji: EN

Abstrakty

EN

Janos Kornai was well ahead of mainstream economic thought in comprehending that senior executives have been operating in an intrinsically contradictory situation both in socialist and market-based economies and that there is no full remedy to handle conflicts of interest which arise. Kornai presented a comprehensive theory on this in his most important book, the Anti-Equilibrium, as early as 1971. The difficulties experienced by state-owned enterprises (SOEs) were not rooted merely in the socialist ownership form, but they were, to a significant extent, caused by the fact that SOEs were typically very large firms. (original abstract)

Słowa kluczowe

EN

Comparative analysis; Multi-dimensional comparative analysis; Corporate governance; Socialist system; Socialist economy; Socialist society; Enterprises study

PL

Analiza porównawcza; Wielowymiarowa analiza porównawcza; Ład korporacyjny; Ustrój socjalistyczny; Gospodarka socjalistyczna; Społeczeństwo socjalistyczne; Badanie przedsiębiorstw

• Czasopismo: Economics and Business Review
• Rocznik: 2017
• Tom: 3 (17)
• Numer: nr 3
• Strony: 100--111

Twórcy

autor

Peter Mihályi

• Corvinus University of Budapest

Bibliografia

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Identyfikatory

DOI

10.18559/ebr.2017.3.6