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| Author: | Mullainathan, S. Scharfstein, D. |
| Title: | Do Firm Boundaries Matter? |
| Journal: | American Economic Review
2001 : MAY, VOL. 91:2, p. 195-199 |
| Index terms: | CHEMICAL INDUSTRY PRODUCTION CAPACITY RESOURCE ALLOCATION |
| Language: | eng |
| Abstract: | To begin to assess how firm boundaries affect behaviour, the authors analyze whether there are differences between integrated and nonintegrated chemical manufacturers in their investments in production capacity. The authors focus on producers of vinyl chloride monomer (VCM), the sole use of which is in the production of the widely used waterproof plastic, polyvinyl chloride (PVC). Their analysis is based on a global dataset of VCM and PVC manufacturers provided to us by SRI and SRI Consulting, Inc., a firm based in Mehlo Park, CA. Their findings suggest that there are differences in the way integrated and non-integrated firms allocate resources. Also the authors give two possible explanations of their findings in the conclusion. |
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