Power plays: Regulation, diversification, and backward integration in the electric utility industry

Michael V. Russo

87 citations0/0 files storedStrategic Management Journal

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Outsourcing and Supply Chain Management Corporate Finance and Governance Merger and Competition Analysis

Abstract

Abstract This paper explores how regulatory oversight influences strategic management. Predictions of the extent to which a firm diversifies and integrates upstream based on transaction‐cost economics are developed and then tested among 49 American electric utilities from 1974 through 1986, a period that witnessed increasingly hostile regulatory relations. The results confirm the influence of regulation on both diversification and backward integration, supporting the transaction‐cost view of these phenomena. The implications of these findings for the study of interorganizational relations, the concept of implicit contracting as a governance mechanism, and the pursuit of longitudinal theory‐building are discussed.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 87 citations exist upstream.

References

1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers 1987The Economic Institutions of Capitalism 1985Competitive Advantage: Creating and Sustaining Superior Performance 2011External Control of Organizations: Resource Dependence Perspective 1995The Theory of the Growth of the Firm 1976Markets and Hierarchies: Analysis and Antitrust Implications.1986The Economic Institutions of Capitalism 1985Competitive advantage, creating and sustaining superior performance

Cited by

2008Making Friends in Hostile Environments: Political Strategy in Regulated Industries 2003Global and political strategies in deregulated industries: the asymmetric behaviors of former monopolies 2017Playing Cat and Mouse: Contests over Regulatory Categorization of Dietary Supplements in the United States 2013Deregulation and differentiation: Incumbent investment in green technologies 1998The effect of the board and executive committee characteristics on the degree of internationalization

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.