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This seminal article explores the advantages and disadvantages of administrative versus market regulation in large, diversified corporations. Combining theoretical analysis with case studies, the authors argue that market regulation can be more effective and efficient than administrative regulation at promoting innovation, growth, and profitability. The article has had a profound impact on debates about corporate governance and regulation.
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Administrative Regulation Versus Market Regulation in the Diversified Company, Michael E Porter, Zenon Soteriou Zannetos
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- Pubblicato
- 2023
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