From Inside the Firm to the Growth Process
论证企业内部组织与增长过程如何相互作用，共同决定激励强度与经济增长率，并探讨代理人通过人力资本或声誉资本进行投资对经济增速的影响。
This paper argues that the internal organization of the firm and the growth process interact strongly to determine simultaneously the power of incentives within the firm and the growth rate. We show how agents within the firm can invest either by using their own human capital or by relying on some form of reputational capital to secure implicit relationships within the firm and we discuss how these investments affect the growth rate of the economy.