Managerial Discretion, Organization Form, and the Multi-division Hypothesis

Oliver Williamson

Chapter 11 in The Corporate Economy, 1971, pp 343-386 from Palgrave Macmillan

Abstract: Abstract Implicit in my previous research on the sources and consequences of managerial discretion [43], [46] has been the assumption that the firm is organized along the lines of what I will refer to here as the ‘unitary form’. Although the possibility of divisionalization was recognized and some of the organizational effects of divisionalization were briefly discussed ([43], pp. 120, 124, 160–1), these were left mainly undeveloped.

Keywords: Capital Market; Organizational Innovation; Functional Executive; Managerial Discretion; Unitary Form (search for similar items in EconPapers)
Date: 1971
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DOI: 10.1007/978-1-349-01110-0_11

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