Forma kontroli nad korporacją jako czynnik wpływający na realizację celów spółki w świetle menedżerskiej teorii przedsiębiorstwa

• Authors: Dagmara Malinowska , Agata Wieczorek

Title variants

EN

THE FORM OF CONTROL OVER THE CORPORATION AS A FACTOR AFFECTING ACHIEVEMENT OF COMPANY’S OBJECTIVES IN VIEW OF THE MANAGERIAL THEORY OF THE FIRM

• Languages of publication: PL

Abstracts

EN

The Marris model is classified among managerial theories of the firm. The essence of this concept is the thesis that the objective of corporation which is controlled by managers is to maximize the sustainable rate of demand for products and capital. The objective function defined in this way reflects the preferences of both managers and shareholders. This paper attempts to verify the model on the example of Polish public companies of electrical machinery industry. In addition, other aspects of Marris model have been evaluated in order to demonstrate whether the form of control over the corporation affects decisions regarding dividend policy, expenditure on R&D, financial management, strategy. On the one hand the results obtained did not confirm the principal thesis of the model, that the sustainable rate of demand is the objective function. At the same time it was demonstrated that the type of the majority shareholder affects the analysed aspects of the operation of corporation.

Keywords

EN

THE MANAGERIAL THEORY OF THE FIRM; CORPORATION

• Publisher: Wydział Zarządzania - Uniwersytet Gdański
• Journal: Prace i Materiały Wydziału Zarządzania Uniwersytetu Gdańskiego
• Year: 2011
• Volume: 2
• Issue: 1
• Pages: 311-329

Contributors

author

Dagmara Malinowska

• Katedra Ekonomii Instytucjonalnej, Wydział Ekonomiczno-Socjologiczny, UŁ

author

Agata Wieczorek

• Katedra Ekonomii Instytucjonalnej, Wydział Ekonomiczno-Socjologiczny, UŁ