Very large enterprises, focal firms and global value chains

The paper starts by presenting the empirical evidence on to the economic
performance of largest among the stock exchange listed firms, named in this
paper VLE (very large enterprises). This evidence suggests that these very large
firms contribute a significant proportion of macro-economic growth.
Among many potential explanation of this situation, one hypothesis is explored in the
second part of the paper, namely the role of “focal firm”
that many of the VLE may play within existing and emerging Global Value Chains.
The peculiarity of a “focal firm” is that it organises the work of other enterprises involved both
in the production and distribution portions of the chain.
In consequence, the economic performance of the largest may well capture a portion of effort and
performance realized by its smaller partners, be it suppliers or distributors.
Paul H. Dembinski
Attached file: 

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