FIRM SIZE AND MONITORING

We present a model of optimal monitoring expenditures. For any technology that yields a conventional ``S-shaped''' production function for monitoring, the optimal level of monitoring is shown to be higher in medium-sized firms than in both small and large firms. Further, the interaction between specialization and agency are shown to lead to an ``S-shaped'''' production function.

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Year of publication:	2003-11-07
Authors:	Long, Cheryl ; Boylan, Richard
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 4.2003, 34, p. 1-5
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	D2 - Production and Organizations ; M1 - Business Administration
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010835731