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Information and OrganizationA New Perspective on the Theory of the Firm$
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Mark Casson

Print publication date: 2001

Print ISBN-13: 9780198297802

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198297807.001.0001

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The Nature of the Firm

The Nature of the Firm

Chapter:
(p.76) 3 The Nature of the Firm
Source:
Information and Organization
Author(s):

Mark Casson (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/0198297807.003.0003

Information processing is specialized in particular types of institution. The firm is a specialized information processor. Firms are created on the initiative of entrepreneurs, who establish them as organizations to facilitate trade, in particular, commodities. Entrepreneurs make extensive use of networks to gather the information they need to identify the market opportunities they exploit.

Keywords:   entrepreneur, firm, Intermediation, Internalization, market, organization

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