Industrial de-diversification and its consequences for productivity

Article Abstract:

Plant-level data from the Census Bureau was analyzed to evaluate the inverse relation between total factor productivity and the degree of diversification. The study shows that as parent firms enter more industries, the productivity of their plants decrease, assuming that the number of plants remain constant. In the US, the mean number of industries where firms participated dropped 14% while single-industry firms increased 54% in the 1980s' second half. These statistics indicate the decline of industrial diversification of American firms.

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Information acquisition and entry

Article Abstract:

Issues are presented regarding how potential entrants to a market gather information in order to make to make decisions about entry. Information is gathered in order to reduce uncertainty in market entry decisions, by allowing firms to control variables through information.

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The organization of economc activity: Insights from the Institutional theory of John R. Commons

Article Abstract:

The author researches the theories of John R. Commons and develops a comparative analysis framework with alternative implications.

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