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roles or microstructures
the lack of logical linkages
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accountable action and transaction actors agents American Bacharach bank trust departments Berle and Means billion Board of Directors capital distribution chain Chandler Chapter commercial banks conglomerate contractuarian logic coordinate corporate control corporate managers corporate raiders debt dividends dominated earnings economic emergence equity financial intermediaries firms growth index funds index logic individual industrial inefficiency institutional investors insurance companies interests investment bankers Jensen junk bonds juristic persons Kaufman and Englander labor large corporations leveraged buyouts logic of action logic of management logic of transaction management action managers of large manufacturing market for corporate maximize micro micro-macro Milken mutual funds organizations owners ownership pension funds percent persons production professional money managers profits public corporations railroads relationship responsibility risk RJR Nabisco role sell shareholders shares social stockholders structure takeovers target corporation theory top managers trading trustee logic types workers York Stock Exchange