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The spatial configuration of the firm and the management of sunk costs

Abstract:

In this paper we explain why the modern corporation may persist with a decentralized system of plants differentiated by the vintage of capital and the style of management. Our goal is to show how and why firms are, at once, structured by the inherited configuration of capital and also reproduce differentiation within and outside the corporation. To do so, we use concepts and principles drawn from modern financial theory to show that a spatially differentiated configuration of production may h...

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Publication status:
Published
Peer review status:
Peer reviewed

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Institution:
University of Oxford
Research group:
Transformations: Economy, Society and Place
Oxford college:
St Peter's College
Department:
Social Sciences Division - Environment,Centre for the - Geography,School of
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Institution:
University of Southampton
Department:
Department of Geography
Publisher:
Clark University Publisher's website
Journal:
Economic Geography
Volume:
73
Issue:
3
Pages:
285-304
Publication date:
1997-07-05
ISSN:
0013-0095
URN:
uuid:3327d5ce-9c11-497e-b87c-f8902a58d8a1
Local pid:
ora:2111

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