The Theory of the Firm and Alternative Theories of Firm Behaviour: a critique

Conclusion  

 

Throughout this paper the microeconomic theories relating to business objectives 

have been evaluated and critiqued.  A summary of quantitative research has been 

used to gain an insight into the validity of the classical, managerial and behavioural 

theories of the firm. 

 

The findings from the quantitative studies are ambiguous and do not offer strong 

support for any of the current theories.  This suggests that there is a need for further 

research, to determine to what extent the problems lie with the quantitative research 

methods used, the authors interpretation of the theories or, in fact, if the problems 

are more deeply embedded within the theories themselves. 

 

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International Journal of Applied Institutional Governance: Volume 1 Issue 1