“Recall that the capital market has traditionally been expected to exercise controls of
three types: metering, incentives, and displacement. The M-form organization partially
supplants the capital market in each of these three respects. Indeed, the general
management of an M-form enterprise may, for many purposes, be regarded as acting, in
effect, as a miniature capital market” (Williamson, 1970, p. 177).
水平有限,搞不清楚metering, incentives, and displacement具体怎么翻译。


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