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《Economic Research Journal》 2001-03
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Specificity, Exclusiveness and Enterprise Institution

Yang Ruilong & Yang Qijing  
In this paper, we consider that the ultimate purpose of the firm is to create and distribute the organizational rent, although the arrangements of residual claim right and control is very important. A lot of literatures confuse the “specificity” with the economic base which can help the interested parties obtain some organizational rent, but in fact “specificity” will weaken the interested parties' bargaining power. We put forward that the base of bargaining power is virtually the “exclusiveness”, a variable that exercises a great impact on the choice and evolution of enterprise instituion. In short,we consider that in reality the enterprise's institutional arrangements is not the product of social welfare maximization or transational cost minimization,but the outcome of games among rational interested parties.
【CateGory Index】: F271
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Chinese Journal Full-text Database 10 Hits
1 LI Jing-hua et al (College of Economics and Management,Northwest A & F University,Yangling,Shaanxi,712100);Specificity & Specification of Capital of Rural Man-power[J];Journal of Anhui Agricultural Sciences;2006-13
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5 YAO Shu\|rong (School of Economics Sichuan University, Chengdu 610064, China);The Newest Development of the Theory of Enterprise Nature[J];Journal of University of Science and Technology Beijing;2002-01
6 YAO Shu rong (Sichuan University, Chengdu:610064);The "442" Corporate Model——A Theoretical Exploration of the Reform of the State-owned Enterprises in the City of Nanjing[J];Journal of Beijing Institute of Technology(Social Sciences Edition);2001-03
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8 ZHANG Dong-mei(Dept Economics,People's University of China,Beijing 100872,China);An Analysis of Manager Mobility with Game Theory[J];Commercial Research;2005-21
9 ZHOU Qing MAO Chong-Feng (1.Management School,Hangzhou Dianzi University,Hangzhou 310018,China; 2.Zhejiang Yuying Polytechnic Institute,Hangzhou 310018,China);Flexible Management Mechanism of Hi-tech Enterprises Cooperation R&D Network Organization[J];Commercial Research;2006-22
10 WANG Ling-yun ZHOU Xiao-yan (Economics and Management School,Nanjing University of Aeronautics and Astronautic,Nanjing,210016,China;The Elements and Modes of Business Strategies[J];Commercial Research;2007-02
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