Management and Ownership in the Large Firm

Management and Ownership in the Large Firm
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大公司的管理和所有权

DOI:
10.1111/j.1540-6261.1969.tb01684.x
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发表时间:
1969
期刊:
影响因子:
8
通讯作者:
Wilbur G. Lewellen
Wilbur G. Lewellen
中科院分区:
经济学1区
文献类型:
--
作者:
Wilbur G. Lewellen

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在本世纪,美国公司管理的专业化仍然是我们工业社会中最受关注的特征之一。我们在大众和学术出版物中定期提醒我们,所有者-经理人的时代已经过去。据说,主宰我们当代经济的几百家大公司的管理者不再被金钱回报和传统上伴随着所有权的自豪感所激励。相反,他们被描绘成类似于私营部门的公务员:一个庞大组织的安全雇员,他们倾向于对组织所有者的利益和目标只是偶然的认同,如果准确的话,这种描述当然在经济分析方面特别令人不安。我们在经济学中所接受的大多数学说都是建立在这样一种假设之上的,即社会中的生产单位在发展它们的活动时寻求某种形式的”利润最大化”。除非现在管理这些单位事务的职业经理人可以信赖地采取一种专有的态度,从而追求既定的目标,否则我们的许多理论的适用性就变得可疑。当然,这种怀疑是有道理的可能性在商业和经济学文献中得到了广泛的关注。可以观察到两种论点。一方面,行为科学家指出,大多数男性,包括公司高管,除了金钱之外,
THE PROFESSIONALIZATION of American corporate management during this century continues to be one of the more remarked-upon features of our industrial society. We are reminded at regular intervals, both in the popular and in the scholarly press, that the era of the owner-manager has passed. The men who run the several hundred large firms which dominate our contemporary economy are said to be motivated no longer by the monetary rewards-and stirrings of pride traditionally attendant upon proprietorship. Instead, they are pictured as something like the private sector's equivalent of civil servants: the secure employees of an immense organization who are apt to feel only an incidental identification with the interests and objectives of the organization's owners.If accurate, certainly, this characterization is particularly unsettling where economic analysis is concerned. Most of our received doctrine in economics is predicated on the assumption that the productive units in the community seek some form of" profit maximization" in developing their activities. Unless the professional managers who nowadays administer the affairs of those units can be relied on to adopt a proprietary attitude and thereby pursue the indicated goal, the applicability of much of our theory becomes suspect. The likelihood that this suspicion is justified has, of course, received wide attention in the literature of business and economics. Two kinds of arguments can be observed. On the one hand, behavioral scientists have pointed out that most menincluding corporate executives-are strongly motivated by other than pecuni-