View of corporation as a set of contracting relationships, among individuals who have conflicting objectives, such as shareholders or managers . The corporation is a legal contrivance that serves as the nexus for the contracting relationships.
SET OF CONTRACTS PERSPECTIVE
Meaning of SET OF CONTRACTS PERSPECTIVE in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012