Déterminants du choix d’intégration et de désintégration verticale des entreprises

Ivan Dufeu ()
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Ivan Dufeu: LEMNA - Laboratoire d'économie et de management de Nantes Atlantique - IEMN-IAE Nantes - Institut d'Économie et de Management de Nantes - Institut d'Administration des Entreprises - Nantes - UN - Université de Nantes, GRANEM - Groupe de Recherche Angevin en Economie et Management - UA - Université d'Angers - AGROCAMPUS OUEST - Institut National de l'Horticulture et du Paysage

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Abstract: This paper provides an empirical analysis of the determinants of vertical integration and vertical disintegration strategies for a group of 200 manufacturing firms located in France. Using data obtained from a survey, we estimate a bivariate probit model and find two main results :firstly, asset specificity helps to explain vertical integration, while asset standardization helps to explain vertical disintegration ; secondly, strategicchoice is directly related to the stage of the industry life cycle, the relation being correctly predicted by Stigler (1951).

Keywords: vertical integration; vertical disintegration; life cycle; asset specificity; transaction costs; intégration verticale; désintégration verticale; cycle de vie; spécificité des actifs; coûts de transaction (search for similar items in EconPapers)
Date: 2008
Note: View the original document on HAL open archive server: https://univ-angers.hal.science/hal-02815119
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Published in Finance Contrôle Stratégie, 2008, 11 (1), pp.131-154

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02815119

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