Foundations and Trends® in Accounting

Volume 8, issue 2

The Role of Management Controls in Transforming Firm Boundaries and Sustaining Hybrid Organizational Forms

Coase [1937] first explained the existence of firms and the boundaries between them as an emergent solution to minimizing the costs of accessing markets – what Williamson [1975] later termed 'transaction costs.' Over time, innovations in management control and changes to legal structures have reduce...
Volume 8, issue 1

Corporate Governance, Board Oversight, and CEO Turnover

One of the primary roles of corporate boards is to control the processes by which top executives are assessed and if necessary replaced. CEO turnover cannot be viewed in isolation because it affects the behavior of the involved players and hence interacts with other organizational goals. This monogr...