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Investing Glossary:
Set of contracts perspective
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Set of contracts perspective
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| Definition: |
| 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 construct that serves as the nexus for the contracting relationships.
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