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| Author: | Hornby, W. |
| Title: | Economics and business, the theory of the firm revisited A Scottish perspective |
| Journal: | Management Decision
1995 : VOL. 33:1, p. 33-41 |
| Index terms: | MARKETING ECONOMICS PROFIT |
| Language: | eng |
| Abstract: | The author of this article examines the gap between the microeconomic theory of the firm and business reality. In particular, the paper seeks to redress the balance between theory and practice by examining the objectives of top Scottish companies. The survey confirms initial expectations that Scottish companies are more owner- controlled than their UK counterparts. In addition, it also appears that Scottish companies are more likely to pursue profit maximization as a goal than companies elsewhere in UK. |
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