Release | Social goals in the theory of the firm: a systems theory view
Abstract: Drawing on Luhmannian social systems theory, this article revisits the single- versus multiple-objective debate on the theory of the firm. Firms are conceptualized as complexity-reducing systems structurally coupled with potentially risky environments, and profit-maximization is considered as a complexity reduction strategy for making sense of these environments. Whereas single-objective approaches reflect cases when environmental […]
Read more "Release | Social goals in the theory of the firm: a systems theory view"