Entry Strategies of Partnerships versus Conventional Firms.
From 1997 to 2001 the number of nonemployer businesses, mostly partnerships, grew faster than conventional firms in the United States, a country with the mildest asymmetries between the two types of enterprises with respect to taxation, administrative entry barriers, and other institutional aspects....
| Published in: | Southern Economic Journal Vol. 75; no. 1; pp. 159 - 173 |
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| Main Authors: | , |
| Format: | Article |
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Wiley-Blackwell
Jul2008
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=33411088&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 33411088 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Jul2008 vid: 75 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 33411088 10.1002/j.2325-8012.2008.tb00896.x ppf: 159 ppct: 14 formats: fmt: @attributes: type: P size: 808KB tig: atl: Entry Strategies of Partnerships versus Conventional Firms. aug: au: Moretto, Michele Rossini, Gianpaolo affil: Dipartimento di Scienze Economiche, University of Padova, via del Santo, 33, Padova, Italy Dipartimento di Scienze Economiche, University of Bologna, Strada Maggiore, 45, Bologna, Italy su: United States Taxation Market entry Business partnerships American business enterprises Barriers to entry (Industrial organization) Market volatility Corporate growth sug: subj: Taxation Market entry United States Public Finance Activities Business partnerships American business enterprises Barriers to entry (Industrial organization) Market volatility Corporate growth ab: From 1997 to 2001 the number of nonemployer businesses, mostly partnerships, grew faster than conventional firms in the United States, a country with the mildest asymmetries between the two types of enterprises with respect to taxation, administrative entry barriers, and other institutional aspects. Partnerships are smaller than conventional firms, and their different speeds of net entry could be the result of internal organization that makes them swifter and better equipped to be fast-growing industries. In a continuous-time stochastic environment with sunk costs, we model entry as a growth option. Partnerships and conventional firms display specific patterns in terms of output price and size in that they appear to react in diverse fashions to market uncertainty. In most cases, the partnership is less risky and better suited to enter under conditions of high volatility, as between 1997 and 2001 in the United States. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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