The Effect of the Size of Firms on Managerial Attitudes

See also, Berle Adolph A. Jr. , Power Without Property (New York: Harcourt, Brace & Co., 1959).

See, for example, Donaldson Gordon , “Financial Goals: Management vs. Stockholders,” Harvard Business Review (May-June 1963), pp. 116–129.

Donaldson , op. cit.

Liao Shu S. , “Shareholder-Oriented Managers Vs. Entity-Oriented Managers,” Financial Analysts Journal (November-December 1975).

Vidich A. J. Bensman J. , Small Town in Mass Society (Garden City, N.Y.: Doubleday, 1960), pp. 73 and 91–93.

Katona George , Psychological Analysis of Economic Behavior (New York: McGraw-Hill, 1963), p. 204.

Internal Revenue Service, Statistics of Income—1969, Corporation Income Tax Returns (Washington, D.C.: Government Printing Office, 1973), p. 59.

For theoretical discussion of the relationship see Katz Daniel Kahn Robert L. , The Social Psychology of Organizations (New York: John Wiley & Sons, 1966), chapter 7.

For the influence of pressures on management's goals, see Bilkey Warren J. , “Empirical Evidence Regarding Business Goals” (presented at the Seminar on Multiple Criteria Decision Making, University of South Carolina, October 26–27, 1972), p. 23. A recent study also shows that influence of principal stockholders in large corporations has not declined as much as economists and management theorists have assumed; see Burch Philip H. Jr. , The Managerial Revolution Reassessed: Family Control in America's. Large Corporations (Lexington Books/D. C. Heath, 1972).

Donaldson , op. cit.

Bilkey , op. cit., p. 25.

Liao , op. cit.

Stinchcombe A. L. , “The Sociology of Organization and the Theory of the Firm,” The Pacific Sociological Review (Fall 1960), pp. 75–82.