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Set of contracts perspective

• 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.

 
 Embedded terms in definition
 Corporation
Shareholders
 
 Related Terms
 Back contracts
Cash settlement contracts
Conditional sales contracts
Efficient set
Feasible set of portfolios
Futures contracts
Markowitz efficient set of portfolios
Nexus of contracts
Open contracts
Opportunity set
Portfolio opportunity set

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