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Democracy in the Firm

Hervé Crès and Mich Tvede

in Democracy, the Market, and the Firm: How the Interplay between Trading and Voting Fosters Political Stability and Economic Efficiency

Published in print:
2021
Published Online:
August 2021
ISBN:
9780192894731
eISBN:
9780191915611
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780192894731.003.0003
Subject:
Economics and Finance, Financial Economics, Public and Welfare

The problem of collective decision-making arising from market failures is addressed using the democratic principle applied within the assembly of shareholders. A basic requirement is imposed (the ... More


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