Structures d'entreprise, R&D et incitations

Translated title of the contribution: Corporate structure, R&D and incentives

Jean Marcal Pierre Tirole*, Etienne Turpin

*Corresponding author for this work

    Research output: Contribution to journalArticlepeer-review

    Abstract

    The deregulation of the telecommunications industry and its convergence with the broadcasting and computer industries have led to a variety of alliances within the redefined sector. The paper uses recent developments in the economics of a corporate structure to provide some tools for an analysis of these moves. It focuses on the firm's choice of internal organization, boundaries and alliances. After a brief recap of mergers and alliances in the three industries, the paper reviews the three possible motivations for such moves: efficiency, acquisition of market power, and objectives of entrenched managers. It then uses a formal model to provide a definition for the usually loose concept of core competency and to determine a firm's legal boundaries and sphere of influence as a function of its headquarters' ability to oversee activities. Last, it derives some implications of the analysis for the organization of R&D.

    Translated title of the contributionCorporate structure, R&D and incentives
    Original languageFrench
    Pages (from-to)165-184
    Number of pages20
    JournalAnnales des Telecommunications/Annals of Telecommunications
    Volume50
    Issue number1-2
    StatePublished - Jan 1 1995

    ASJC Scopus subject areas

    • Electrical and Electronic Engineering

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