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来源类型Working Paper
规范类型报告
DOI10.3386/w18020
来源IDWorking Paper 18020
Why Do Firms Own Production Chains?
Enghin Atalay; Ali Hortacsu; Chad Syverson
发表日期2012-04-26
出版年2012
语种英语
摘要We use broad-based yet detailed data from the economy's goods-producing sectors to investigate firms' ownership of production chains. It does not appear that vertical ownership is primarily used to facilitate transfers of goods along the production chain, as is often presumed: Roughly one-half of upstream plants report no shipments to their firms' downstream units. We propose an alternative explanation for vertical ownership, namely that it promotes efficient intra-firm transfers of intangible inputs. We show evidence consistent with this hypothesis, including the fact that upon a change of ownership, an acquired plant begins to resemble the acquiring firm along multiple dimensions.
主题Industrial Organization ; Firm Behavior
URLhttps://www.nber.org/papers/w18020
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/575696
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Enghin Atalay,Ali Hortacsu,Chad Syverson. Why Do Firms Own Production Chains?. 2012.
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