Marin, Dalia; Verdier, Thierry - 2006 - first version: December 2001, this version: March 2006
paper examines the role of market competition for this trend in corporate reorganization. We find that at intermediate … levels of competition the CEO of the corporation decides to have less power inside the firm and to delegate control to lower … when competition is not too tough and not too weak. The model predicts merger waves or waves of outsourcing when countries …
