Journal ArticleDOI
On the differing pattern of corporate diversification across economies
Reads0
Chats0
TLDR
In this article, the authors describe a model which helps explain the difference in the observed pattern of corporate diversification across economies, which they call "corporate diversification cross-regions".Abstract:
Conglomerates, that is, firms which have diversified into industries having little in common in terms of markets, technologies, or skills, occupy only a relatively minor position among large firms in the U.S., but they dominate many other economies, particularly the developing ones in Asia. This paper describes a model which helps explain this difference in the observed pattern of corporate diversification across economies.read more
References
More filters
Book
The theory of the growth of the firm
TL;DR: In this article, the authors studied the role of large and small firms in a growing economy and found that large firms are more likely to acquire and merge smaller firms in order to increase their size.
Journal ArticleDOI
Markets and Hierarchies: Analysis and Antitrust Implications.
Posted Content
The Theory of the Growth of the Firm
TL;DR: The Theory of the Growth of the Firm has illuminated and inspired thinking in strategy, entrepreneurship, knowledge creation, and innovation as discussed by the authors, and only a handful in business and management whose insights and ideas last for 50 years and more.
Book
Contestable Markets and the Theory of Industry Structure
TL;DR: In this article, the authors present a cost minimization model for a multi-product competitive industry in perfectly contestable markets, where the single product case is considered and the multiproduct case is assumed to be monopoly equilibrium.