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Bibframe Work

Title
When knowledge is an asset When knowledge is an asset
Type
Text
Genre Form
electronic resource
Language
English
Classification
LCC: HD5701 (Source: dlc)
Identified By
Lccn: 2006620592
Summary
"We study the economics of employment relationships through theoretical and empirical analysis of an unusual set of firms, large law firms. Our point of departure is the "property rights" approach that emphasizes the centrality of ownership's legal rights to control important, non-human assets of the enterprise. From this perspective, large law firms are an interesting and potentially important object of study because the most valuable assets of these firms take the form of knowledge -- particularly knowledge of the needs and interests of clients. We argue that the two most distinctive organizational features of large law firms, the use of "up or out" promotion contests and the practice of having winners become residual claimants in the firm, emerge naturally in this setting. In addition to explaining otherwise anomalous features of the up-or-out partnership system, this paper suggests a general framework for analyzing organizations where assets reside in the brains of employees"--Forschungsinstitut zur Zukunft der Arbeit web site.
Authorized Access Point
Rebitzer, James B. When knowledge is an asset
Authorized Access Point Variant
Taylor, Lowell J. When knowledge is an asset