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Firm organization with multiple establishments

Gumpert, Anna; Steimer, Henrike; Antoni, Manfred - 2019

How do geographic frictions affect firm organization? We show theoretically and empirically that geographic frictions increase the use of middle managers in multi-establishment firms. In our model, we assume that a CEO's time is a resource in limited supply, shared across headquarters and...

Persistent link: https://www.econbiz.de/10012034135