Does Corporate Size Matter

This article presents--in a liberal arts format--the reason why firms exist, what we know about economies and diseconomies of scale, and how mergers and acquisitions contribute to society. It builds on the theoretical and empirical findings in the author's doctoral dissertation "Bureaucratic Limits of Firm Size: Empirical Analysis Using Transaction Cost Economics", which contains a technical analysis based on structural equation modeling.

It was commissioned by the Axel and Margaret Ax:son Johnson Foundation for Public Benefit and published in its contemporary affairs magazine Axess.