THE MULTIDIVISIONAL STRUCTURE AS AN ENABLING DEVICE: A LONGITUDINAL STUDY OF DISCRETIONARY CASH AS A STRATEGIC RESOURCE.

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Abstract

This study's argument is that adoption of a multidivisional, or M-form, organizational structure is linked to increases in a firm's levels of discretionary cash. I developed this proposition by ass...

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References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1983The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields 2004The iron cage revisited institutional isomorphism and collective rationality in organizational fields 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers 1987The Economic Institutions of Capitalism 1995The Theory of the Growth of the Firm 1976Markets and Hierarchies: Analysis and Antitrust Implications.2003Analysis of Panel Data

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