Come Together: Firm Boundaries and Delegation
| العنوان: | Come Together: Firm Boundaries and Delegation |
|---|---|
| المؤلفون: | Laura Alfaro, Nicholas Bloom, Paola Conconi, Harald Fadinger, Patrick Legros, Andrew F. Newman, Raffaella Sadun, John Van Reenen |
| المصدر: | Journal of the European Economic Association. |
| بيانات النشر: | Oxford University Press (OUP), 2023. |
| سنة النشر: | 2023 |
| مصطلحات موضوعية: | General Economics, Econometrics and Finance |
| الوصف: | We jointly study firm boundaries and the allocation of decision rights within them by confronting an incomplete-contracts model with data on vertical integration and delegation for thousands of firms around the world. Integration has an option value: it confers authority to delegate or centralize decision rights, depending on who can best solve problems that arise in the course of an uncertain production process. In line with the model’s predictions, we find that firms are more likely to integrate suppliers that produce more valuable inputs and operate in industries with more dispersed productivity, and that firms delegate more decisions to integrated suppliers that produce more valuable inputs and operate in more productive industries. |
| تدمد: | 1542-4774 1542-4766 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d550fcd67db85230db2554168c0b60f4 https://doi.org/10.1093/jeea/jvad027 |
| حقوق: | OPEN |
| رقم الأكسشن: | edsair.doi.dedup.....d550fcd67db85230db2554168c0b60f4 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 15424774 15424766 |
|---|