Horizontal and Vertical Firm Networks, Corporate Performance and Product Market Competition
نویسندگان
چکیده
منابع مشابه
The Flattening Firm and Product Market Competition
This paper establishes a causal effect of product market competition on various characteristics of organizational design. Using a unique panel dataset on firm hierarchies of large U.S. firms (1986-1999) and a quasi-natural experiment (trade liberalization), we find that increasing competition leads firms to flatten their hierarchies, i.e., (i) firms reduce the number of positions between the CE...
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Firms are flattening their corporate hierarchies. Spans of control have broadened and the number of levels within firms has declined. These trends are suggested and documented in a number of academic papers (e.g., Paul Osterman 1996, Richard Whittington et al. 1999, and Raghuram G. Rajan and Wulf 2006) and are often discussed in the business press. However, much less is known about what causes ...
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Tosi and Gomez-Mejia, (1989) suggest that the challenge of corporate governance is to set up supervisory and incentive alignment mechanisms that alter the risk and effort orientation of agents to align them with the interests of principals. Therefore, the objective of this study is to determine the efficiency of monitoring and incentive contracts given certain characteristics of the firm. That ...
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ژورنال
عنوان ژورنال: Journal of Industry, Competition and Trade
سال: 2017
ISSN: 1566-1679,1573-7012
DOI: 10.1007/s10842-017-0250-7