Business groups and the boundaries of the firm

Giulio Cainelli and Donato Iacobucci ()

No 905, Working Papers from c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione

Abstract: This paper aims to show that the business group – i.e. the set of firms under common ownership and control – is the most appropriate unit to study the behavior and organization of firms and define their boundaries. Particular emphasis is given to notions such as unitary direction – i.e. the influence over strategic decisions – and administrative co-ordination which allow owners to exercise supervision and authority over the controlled companies.

Keywords: business group; boundary of the firm; unitary direction (search for similar items in EconPapers)
JEL-codes: L2 M2 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2009-11
New Economics Papers: this item is included in nep-bec and nep-sbm
References: Add references at CitEc
Citations: View citations in EconPapers (6)

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http://193.205.129.80/repec/cme/wpaper/cmetwp_05_2009.pdf First version, 2009 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:cme:wpaper:0905

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