Hierarchical Structure in Brazilian Industrial Firms: An Econometric Study

28 Pages Posted: 22 May 2007

See all articles by Luis Otavio Facanha

Luis Otavio Facanha

Universidade Federal do Rio de Janeiro (UFRJ)

Marcelo Resende

Universidade Federal do Rio de Janeiro (UFRJ); CESifo (Center for Economic Studies and Ifo Institute)

Date Written: May 2007

Abstract

The paper investigates different implications of theoretical models for hierarchical structure. A sample of 6578 firms in the Brazilian manufacturing industry is considered and explanatory factors pertaining structural characteristics, network technology, technological innovations, managerial innovations and Incentive mechanisms are investigated. Important joint effects are detected for all groups of variables in partial contrast with the related previous literature. Moreover, one detects significant joint effect of the newly considered group of incentive mechanisms variables. The evidence in terms of individual effects is largely consistent with the predicted effects from the theoretical literature on hierarchy.

JEL Classification: C25, L22

Suggested Citation

Facanha, Luis Otavio and Resende, Marcelo, Hierarchical Structure in Brazilian Industrial Firms: An Econometric Study (May 2007). CESifo Working Paper Series No. 1985, Available at SSRN: https://ssrn.com/abstract=988028

Luis Otavio Facanha

Universidade Federal do Rio de Janeiro (UFRJ) ( email )

Rua Sao Francisco Xavier, 524
Rio de Janeiro RJ 21949, 23890000
Brazil

Marcelo Resende (Contact Author)

Universidade Federal do Rio de Janeiro (UFRJ) ( email )

Rua Sao Francisco Xavier, 524
Instituto de Economia
Rio de Janeiro RJ 21949
Brazil

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

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