The Systematic Institutional Approach as a New Cognitive Frame in the Study of the Corporation
ESEE 2013 Conference Paper Series
19 Pages Posted: 9 Jun 2013
Date Written: May 15, 2013
This article substantiates and considers the new approach towards corporation research based on its understanding as an institutional system. Subsystems and elements of institutional structure of the corporation - institutions and routines - are distinguished and their characteristic is given. The necessity of proportionality principle respect in institutional structure of the corporation and dysfunctional character of hypertrophy of any corporation institution or routine are justified. Also the hypothesis about inversion of subject and institutional structure of the corporation is put forward and theoretically substantiated. The proposed approach gives an opportunity to justify the heterarchy of corporation institutes on methodological level which is important for construction of corporation of the future combining commitment, solidarity and self-interest.
Keywords: Corporation, Institotion, Routine, Institutional Structure, Economic Methodology
JEL Classification: B41, M14, P00, D21, L29
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