Organizational forms and investment decisions

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<title>Organizational forms and investment decisions</title>
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<namePart>Fama, Eugene F.</namePart>
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<dateIssued>1985</dateIssued>
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<abstract displayLabel="Summary">This paper analyzes investment rules for various organizational forms that are distinguished by the characteristics of their residual claims. Different restrictions on residual claims lead to different decision rules. the analysis indicates that the investment decisions of open corporations, financial mutuals and non-profits can be modeled by the value maximization rule. However, the decisions of proprietorships, partnerships, and closed corporations cannot in general be modeled by the market value rule</abstract>
<note type="statement of responsibility">Eugene F. Fama, Michael C. Jensen</note>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080611248">
<topic>Inversiones financieras</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080588434">
<topic>Toma de decisiones</topic>
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<topic>Organizaciones</topic>
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<topic>Reclamaciones</topic>
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<topic>Mutualismo</topic>
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<title>Journal of financial economics . - New York</title>
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<part>
<text>nº 14, 1985 ; p. 101-119</text>
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