An Empirical-Analysis of Firm Size and Vertical Integration in the Motor Carrier Industry

Document Type

Article

Publication Date

3-1-1995

Department

Management and International Business

Abstract

Using a unique data set from the Tennessee Public Service Commission, we test the theory that large firms face lower costs of capital in financial markets and maintain advantages over smaller firms regarding the ownership of resources. The results suggest that this is indeed the case, and that demand uncertainty, as pointed out in previous studies, is also an important determination in the leasing and ownership of capital equipment in the motor carrier industry.

Publication Title

Logistics and Transportation Review

Volume

31

Issue

1

First Page

21

Last Page

30

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