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(The Behavioral theory of the firm:Foundations, Developments and A challe\
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(New Perspective)Tj
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(IBUKI ISHIKAWA)Tj
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(This paper examines recent developments of the behavioral theories of th\
e firm with aims of consistent)Tj
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(understanding of how the firm emerges and acts. In particular, it is arg\
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(theories of the firm cannot proceed simply by an extrapolation of curren\
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(additional and fundamental change in its presuppositions and outlook; wh\
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(Austrian perspective.)Tj
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(behavior is fully rooted in )Tj
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(entrepreneurial judgment.)Tj
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( This paper consists largely of three parts: first,)Tj
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(comprehensive survey of the behavioral theories of the firm, placing par\
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(works )Tj
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(Transaction-Cost Approach)Tj
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( initiated by Coase's seminal work and )Tj
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(Evolutionally Approach)Tj
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( by Nelson)Tj
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the firm recently influenced by)Tj
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(Strategic management literature in order to capture its )Tj
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(improve the behavioral theories of the firm and application of the Austr\
ian perspective to the behavioral)Tj
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(per se,)Tj
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( but rather from the entrepreneurial judgment. In applying this)Tj
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(paper that firm's strategic behavior is mainly seen as the quest for )Tj
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(the entrepreneurial judgmental rent.)Tj
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( The)Tj
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ur insight from the Austrian school of)Tj
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firm.)Tj
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