Decision‐making institutions evident in today’s small businesses display remarkable similarities to medieval feudalism. This paper presents: (1) the institutions of feudalism as applied to small business, (2) a theoretical framework as a foundation for explaining obvious parallels, and (3) propositions that furnish a basis for further research.
Mitchell, R. and O’Neil, S. (1998), "Feudal institutions and small business governance: an exploration and comparison", Journal of Small Business and Enterprise Development, Vol. 5 No. 3, pp. 208-218. https://doi.org/10.1108/EUM0000000006779Download as .RIS
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