.png){kind=icon}
返回
Firm Organization with Multiple Establishments*
.png){kind=icon}
OA
AI
DOI：10.1093/qje/qjab049.png)
.png){kind=icon}
原文求助.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
We show theoretically and empirically that the managerial organization of multiestablishment firms is interdependent across establishments. To derive our result, we study the effect of geographic frictions on firm organization. In our model, we assume that a CEO's time is a resource in limited supply, shared across headquarters and establishments. Geographic frictions increase the costs of accessing the CEO. Hiring middle managers at one establishment substitutes for CEO time, which is reallocated across all establishments. Consequently, geographic frictions between the headquarters and one establishment affect the organization of all establishments of a firm. Our model is consistent with novel facts about multiestablishment firm organization that we document using administrative data from Germany. We exploit the opening of high-speed railway routes to show that not only the establishments directly affected by faster travel times but also the other establishments of the firm adjust their organization. Our findings imply that local conditions propagate across space through firm organization. JEL Codes: D21, D22, D24.
Keyword:
FLATTENING FIRM
KNOWLEDGE
COMMUNICATION
HIERARCHIES
NETWORKS
IMPACT
TRADE
期刊
IF:
12.7
论文数:
1.2K
被引数:
4.1W
机构
引用论文
分享收藏
COMMUNICATION COSTS AND THE INTERNAL ORGANISATION OF MULTI-PLANT BUSINESSES: EVIDENCE FROM THE IMPACT OF THE FRENCH HIGH-SPEED RAIL.png)
ECONOMIC JOURNAL
ECONOMIC JOURNALIF3.6
PREAI
分享收藏
查看更多内容