Investor Presentaiton

1-3 Economic Theories of corporation ■ The Contract Theory of the Firm: "[...] corporations are simply legal fictions which serve as a nexus for a set of contracting relations among individuals" Descendant of the Associational Theory ■ The Evolutionary Theory of the Firm: FEDERA INCIPIT VITA NOVA SET (Jensen & Meckling, 1976) "[...] organizations know how to do things, [...] while individual members come and go." Descendant of the Real Entity Theory Prof. Mauricio B. Almeida - [email protected] - Federal University of Minas Gerais (Nelson & Winter, 1982) 13

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