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Author: | Clark, G. Wrigley, N. |
Title: | The spatial configuration of the firm and the management of sunk costs |
Journal: | Economic Geography
1997 : JUL, VOL. 73:3, p. 285-304 |
Index terms: | COMPANIES MANAGEMENT COSTS |
Language: | eng |
Abstract: | In this quarter the authors explain why the modern corporation may persist with a decentralised system of plants differentiated by the vintage of capital and the style of management. The goal is to show how and why firms are, at once, structured by the inherited configuration of capital and also reproduce differentiation within and outside the corporation. To do so, the authors use concepts and principles, drawn from modern financial theory. |
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