Corporate Strategies – The Institutional Approach

Krakowski Akademia Discussion Paper Series, June 2010

40 Pages Posted: 8 Jul 2010

See all articles by Krzysztof Waśniewski

Krzysztof Waśniewski

Andrzej Frycz Modrzewski Krakow University

Date Written: June 10, 2010

Abstract

The present paper introduces a model of corporate strategies, based on institutional theories of the firm and formalized with the concepts of the theory of games. Corporate strategies are balanced outcomes of four social games: capital market, corporate governance, product market and social responsibility. Two empirical applications of the model are then introduced: a qualitative one, consisting in comparative study of strategies deployed by Royal Dutch Shell and Israel Corporation, then a quantitative one, presenting a study of capital accumulation and operational efficiency in 79 companies listed in the Warsaw Stock Exchange.

Keywords: nstitutional economics, strategy, corporation

JEL Classification: D00, D23, G1, G3

Suggested Citation

Waśniewski, Krzysztof, Corporate Strategies – The Institutional Approach (June 10, 2010). Krakowski Akademia Discussion Paper Series, June 2010. Available at SSRN: https://ssrn.com/abstract=1635790 or http://dx.doi.org/10.2139/ssrn.1635790

Krzysztof Waśniewski (Contact Author)

Andrzej Frycz Modrzewski Krakow University ( email )

ul. Herlinga Grudzińskiego 1
Kraków
Poland

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