Warianty tytułu
Factors Determining the Size of Firms
Języki publikacji
Abstrakty
Zaprezentowano różne koncepcje teoretyczne, mające wyjaśnić, jakie czynniki decydują o wielkości przedsiębiorstwa. Rozmiar firm określono głównie jako zakres działań podejmowanych przez firmy.
This article discusses the factors that determine the size of firms in the contract and resource theories of the firm. According to Coase, the scope of a firm's operations will continue to expand until the costs of an additional transaction within the firm are equal to the costs of such a transaction on the open market or with the costs of organising such a transaction within a different firm. According to Williamson, the size of a firm increases together with an increase in the uncertainty and frequency of the transactions the firm makes. O. Hart argues that complementary assets should have a common owner (synergy effect), while independent economic assets should have different owners. A. D. Chandler contends that a firm's boundaries depend on firm-specific production knowledge, transaction costs, costs due to information asymmetry and opportunism, and agency costs. K. Laursen, V. Mahnke, and P. Vejrup-Hansen demonstrate that the growth of firms depends not only on the amount of knowledge held, but also on the structure of this knowledge. According to Richardson, concentrated within a firm are both similar operations (requiring the same skills) and complementary operations, which constitute the production process and require close co-ordination. (original abstract)
Rocznik
Numer
Strony
141--154
Opis fizyczny
Twórcy
autor
Bibliografia
- Coase R. [1937], The Nature of The Firm, „Economica”, nr 4.
- Currie M., Messori M. [1998], New Institutional and New Keynesian Economics [w:] Markets and Organization, red. R. Arena, C. Longhi, Springer Verlag, Berlin, Heidelberg.
- Hart O. [ 1995], Firms, Contracts and Financial Structure, Clarendon Press, Oxford.
- Holmström B., Roberts J. [1998], The Boundaries of the Firm Revisited, „Journal of Economic Perspectives”, nr 4.
- Kraft J., Ravix J. [1998], Theories of the Firm [w:] Markets and Organization, red. R. Arena, C. Longhi, Springer Verlag, Berlin, Heidelberg.
- Laursen K., Mahnke V., Vejrup-Hansen P. [1999], Firm Growth from a Knowledge Structure Perspective, DRUID Working Paper, nr 99-11, www.business.auc.dk.
- Penrose E. [1959|, The Theory of the Growth of the Firm, Oxford University Press, Oxford.
- Richardson G. [1972], The Organization of Industry, „Economical Journal”, nr82 [przedruk w:] The Economic Nature of the Firm, red. L. Puterman, R. Kroszner Cambridge University Press, Cambridge 1996.
- Richardson G.B. [1998], Production, Planning and Prices, DRUID Working Paper, nr 98-27, www.business.auc.dk.
- Snowdon B., Vane H. [2003], Rozmowy z wybitnymi ekonomistami, Dom Wydawniczy Bellona, Warszawa.
- Williamson O. [1975], Markets and Hierarchies: Analysis and Antitrust Implications, The Free Press, New York.
- Williamson O. [1998], Ekonomiczne instytucje kapitalizmu, PWN, Warszawa.
Typ dokumentu
Bibliografia
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