On the nature of financial management in a global economy

Abstract

In this paper it is proposed that alternatives to the traditional considered for a variety corporate industrial organizations be of economic functions in an integrated world economy. The new firms, called "derivative" firms, will allow for the flexibility required by the An alternative derivative firm model is principal parties involved. charter of creation. to posed which has a finite life, two principals and agents, and a diverse of owners required capital investment in the production incentive the and The determine the managerial simultaneously processes multiperiod setting.