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Adaptation and the Boundary of Multinational Firms

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NBER2009-01-01 更新2025-01-04 收录
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What determines the boundary of multinational firms? According to Williamson (1975), a potential rationale for vertical integration is to facilitate adaptation in a world where uncertainty is resolved over time. This paper offers the first empirical analysis of the impact of adaptation on the

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2009-01-01
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