企业文化济研究意义与理论假设.pdfVIP

7-1Summary

Rareeconomicresearchestouchcorporateculturebecauseitisirrelevantwithmost

economicmodels,notobviouslyrational,andevendifficulttodefineormeasure.

Neverthes,itisofgreatsignificancetoinvestieit.Foronething,itclosely

associateswithfirm’scapabilityandperformance;foranother,itfacilitatesandreces

formanyofthegovernancestructureswhichhavebeenstudiesbefore.

Krepsbelievescorporateculturedeserveseconomists’endeavorforthatitexins

howfirmsimplementstrategyanditishightimetoutilizetheoreticaltoolsto

demonstratetheoutlinesofthetheory.

Kreps’stheoryconsistsofseveralassumptions.Formalcontractworkscostlyand

defectivesuchasbargaining,monitoring,andenforcing,butincompletecontractdoes

not.Also,firmsarerepeatyers,andinducingcorporationviarepeatedyis

cheaperthanviacontract.Furthermore,manygameshavemultipleequilibriaand

unforeseencontingencies.

Forthepartofmultipleequilibria,cultureincreasespredictabilityofothers’actions,

andavoidlose-losesituations.Contractcanachievesimilareffectsbutmoreexpensive.

Whenwegeneralizethismodel,assumingthepayoffisunverifiable(S,s,J,j)andthe

yisdynamic(juniorbecomesseniorinthefuture),itbecomesmorecomplicatedto

considerwhetheritistransferableweenyers.Inreality,firmsinthesameindustry

maybehavedistinctivelyonaccountofcompetitionandculturaldifferences.

Additionally,sincecraftowncorporatecultureiscostly,manycomparisons,in

particulartheinterregionalandinternat