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The theory of irrelevance of the size of the firm (2000)_香港中文大学

香港中文大学 辅仁网/2017-07-06

The theory of irrelevance of the size of the firm
Publication in refereed journal


香港中文大学研究人员 ( 现职)
廖柏伟教授 (经济学系)


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引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/6WOS source URL

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摘要This paper formalizes Cheung, Cease, Stigler, and Young's theory of irrelevance of the size of the firm. This theory states that if division of labor develops within the firm, the average size of the firm and productivity go up side by side. If division of labor develops between firms, the average size of fil ms decreases as productivity goes up. Inframarginal analysis of the trade off between positive network effects of division of labor on aggregate productivity and transaction costs can predict recently popular business practices of down sizing, oursourcing, contracting out, focusing on core competence, and disintegration. We present evidence for a negative correlation between average employment of labor by firms and productivity. (C) 2000 Elsevier Science B,V. All rights reserved. JEL classification: D23; L11; L22; L23.

着者Liu PW, Yang XK
期刊名称Journal of Economic Behavior and Organization
出版年份2000
月份http://aims.cuhk.edu.hk/converis/portal/Publication/6
日期1
卷号42
期次2
出版社ELSEVIER SCIENCE BV
页次145 - 1http://aims.cuhk.edu.hk/converis/portal/Publication/65
国际标準期刊号01http://aims.cuhk.edu.hk/converis/portal/Publication/67-2http://aims.cuhk.edu.hk/converis/portal/Publication/681
电子国际标準期刊号1879-1751
语言英式英语

关键词division of labor; size of the firm; theory of the firm
Web of Science 学科类别Business & Economics; Economics; ECONOMICS

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