Vertical organization of production and firm growth
利用1998-2007年约500家意大利机床企业的数据，实证分析垂直整合与分散化生产对企业增长率分布的影响，发现垂直整合企业的增长率分布更集中。
This paper empirically explores if different vertical organizational forms (i.e.vertical integration versus dis-integration) give rise to unlike growth "behaviors" within the same industry.An econometric analysis is conducted in a sample of around 500 Italian machine tool (MT) builders for the period 1998-2007.Ceteris paribus, vertically integrated firms result to be characterized by a less dispersed distribution of growth rates than their dis-integrated counterparts.By means of analyzing how different organizational forms map into the distribution of output growth rates, this work provides insight into the firm dynamics in a mature industry in which both vertically integrated and dis-integrated firms coexist.