全球智库信息集成服务系统(G2TT): DP7367 Kinky Choices, Dictators and Split Might: A Non-Cooperative Model for Household Consumption and Labor Supply

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP7367
	DP7367 Kinky Choices, Dictators and Split Might: A Non-Cooperative Model for Household Consumption and Labor Supply
	jan boone; Frederic Vermeulen; Karen van der Wiel
发表日期	2009-07-12
出版年	2009
语种	英语
摘要	We argue that social capital as proxied by regional trust and the Rule of Law can improve aggregate productivity through facilitating greater firm decentralization. We collect original data on the decentralization of investment, hiring, production and sales decisions from Corporate Head Quarters to local plant managers in almost 4,000 firms in the US, Europe and Asia. We find Anglo-Saxon and Northern European firms are much more decentralized than those from Southern Europe and Asia. Trust and the Rule of Law appear to facilitate delegation by improving co-operation, even when we examine "bilateral trust" between the country of origin and location for affiliates of multinational firms. We show that areas with higher trust and stronger rule of law specialize in industries that rely on decentralization and allow more efficient firms to grow in scale. Furthermore, even for firms of a given size and industry, trust and rule of law are associated with more decentralization which fosters higher returns from information technology (we find IT is complementary with decentralization). Finally, we find that non-hierarchical religions and product market competition are also associated with more decentralization. Together these cultural, legal and economic factors account for four-fifths of the cross-country variation in the decentralization of power within firms.
主题	Industrial Organization ; Labour Economics
关键词	Decentralization Rule of law Social capital Theory of the firm Trust
URL	https://cepr.org/publications/dp7367
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/536204
推荐引用方式 GB/T 7714	jan boone,Frederic Vermeulen,Karen van der Wiel. DP7367 Kinky Choices, Dictators and Split Might: A Non-Cooperative Model for Household Consumption and Labor Supply. 2009.