AN EMPIRICAL-ANALYSIS OF FIRM SIZE AND VERTICAL INTEGRATION IN THE MOTOR CARRIER INDUSTRY
Management and International Business
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.
LOGISTICS AND TRANSPORTATION REVIEW
(1995). AN EMPIRICAL-ANALYSIS OF FIRM SIZE AND VERTICAL INTEGRATION IN THE MOTOR CARRIER INDUSTRY. LOGISTICS AND TRANSPORTATION REVIEW, 31(1), 21-30.
Available at: http://aquila.usm.edu/fac_pubs/5834