The modern theory of firm suggests we mitigate the agent problems by establishing an effective allocative mechanism of residual claims and control.

现代企业理论认为可以通过建立有效的剩余索取权和控制权的配置机制来缓解这一问题。

youdao

In the modern firm and market theory, there are two kinds of fundamental economic organizations: hierarchy organization and market organization.

在现代企业与市场的经济理论中，层级组织和市场组织是两种最基本的经济组织形态。

youdao

Modern firm theory considers that the firm is a nexus of contracts.

现代企业理论认为企业是一系列合约的联结。

youdao

The worship of shareholder value began in 1976 when a journal article by Michael Jensen, "Theory of the Firm, " critiqued the prior system of managerial capitalism and set the stage for our modern era of capitalism, writes Martin.

FORBES: End of Modern Capitalism Debated...Over Martinis