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The diversifield firm: non formal theories versus formal models

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  • Davide Vannoni

Abstract

The paper analyses critically the theoretical approaches which try to explain the emergence and growth of diversified firms. While the outstanding theory is still heavily based on non formal analysis, some recent contributions have introduced formalised models. It is argued that a further development of formal theories could be very important for a deeper understanding of the complex phenomenon of multimarket production. Moreover, formal models could be extremely useful in order to build some precise hypotheses to be tested in sound empirical works.
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  • Davide Vannoni, 2000. "The diversifield firm: non formal theories versus formal models," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2000(106).
    • Handle: RePEc:fan:polipo:v:html10.3280/poli2000-106005
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    Cited by:

    1. Laura Rondi & Davide Vannoni, 2002. "Firm Diversification in the European Union: New Insights on Return to Core Business and Relatedness," CERIS Working Paper 200208, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    2. Davide Vannoni, 2000. "Diversification, the Resource View and Productivity: Evidence from Italian Manufacturing Firms," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 27(1), pages 47-63, March.

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    JEL classification:

    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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