Levy, Nadav (contributor) - 2003 - [Elektronische Ressource]
In this paper I present a theory of the boundary of the firm that accounts for some important characteristics of real …-world multidivisional firms: Operative decisions are in the hands of middle managers who are rewarded with incentive contracts based on the … performance of their units; Managers' decisions are subject to approval and intervention by the top management of the firm; and …
