 | 1991 - 436 pàgines
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...affairs of such a company. It is upon this account that joint stock companies for foreign trade [at the time he was writing the only important manifestation... | |
 | Gardiner Coit Means - 1992 - 408 pàgines
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...affairs of such a company. It is upon this account that joint stock companies for foreign trade [at the time he was writing the only important manifestation... | |
 | John McMillan - 1992 - 268 pàgines
...anxious vigilance with which the partners in a private copartnery frequently watch over their own. . . . Negligence and profusion, therefore, must always prevail,...in the management of the affairs of such a company. Smith was unduly pessimistic about the ability of corporations to give their managers incentives to... | |
 | William M. Dugger - 1992 - 406 pàgines
...they would have exercised over their own, had they been managing their own private firm. He concluded: "Negligence and profusion, therefore, must always...or less, in the management of the affairs of such a company."7 Such companies, he was convinced, generally did "more harm than good." Smith believed that... | |
 | Louis Putterman, Randy Kroszner - 1996 - 404 pàgines
...private copartnery frequently watch over their own. Like the stewards of a rich man, they are easily apt to consider attention to small matters as not...in the management of the affairs of such a company. Adam Smith, The Wealth of Nations, 1776, Cannan Edition (Modem Library, New York, 1937), p. 700. 1.... | |
 | John Cunningham Wood - 1996 - 462 pàgines
...they would have exercised over their own, had they been managing their own private firm. He concluded: "Negligence and profusion, therefore, must always...in the management of the affairs of such a company" [7]. Such companies, he was convinced, generally did "more harm than good". Only banking, insurance,... | |
 | Peter J. Buckley, Jonathan Michie - 1996 - 498 pàgines
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man. they are apt to consider attention to small matters as not for their master's honour, and At the time of writing, Michael C. Jensen and Wllliam H. Meckling were Associated Professor and Dean,... | |
 | Michael Novak - 1997 - 218 pàgines
...which the partners in a private copartnery frequently watch their own. Like the stewards of a rich man, they are apt to consider attention to small matters...affairs of such a company. It is upon this account that joint stock companies for foreign trade have seldom been able to maintain the competition against private... | |
 | Richard B. McKenzie, Dwight R. Lee - 1998 - 348 pàgines
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...in the management of the affairs of such a company" (The Wealth of Nations, p. 700). 8. One of the more important contemporary articles on the "market... | |
 | Michael C. Jensen - 1998 - 428 pàgines
...which the partners in a private copartnery frequently watch over their own. Like the stewards of a rich man, they are apt to consider attention to small matters...in the management of the affairs of such a company. — Adam Smith, The Wealth of Nations 3.1 Introduction In this chapter we draw on recent progress in... | |
| |
... being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own. 
