JEL Code
D33, D87, M12
Abstract
Managers of conglomerates or companies with multiple business units are, like central planners in socialist countries, unable to perform economic calculation. These units exchange goods and services internally based on transfer prices, not market prices, and it is hard to ascertain the value contributed by management, which is often hired and rewarded based on political considerations. Innovation is also often unwelcome, as it may challenge privileges of executive management. Until 2016, conglomerates lacked the technology to benefit from economic calculation. In this paper, I propose that a blockchain platform supporting an internal virtual currency enables economic calculation inside conglomerates, unlocking productivity and supporting intrapreneurship.
Recommended Citation
Sibileau, Martin
(2023)
"Virtual Currencies and Intrapreneurial Coordination,"
Journal of New Finance: Vol. 3:
No.
1, Article 5.
DOI: 10.46671/2521-2486.1020
Available at:
https://jnf.ufm.edu/journal/vol3/iss1/5
Submission Date
1-17-2022
Approval Date
7-31-2023
Publication Date
8-27-2023
Included in
Business Administration, Management, and Operations Commons, Corporate Finance Commons, Industrial Organization Commons, Management Sciences and Quantitative Methods Commons, Organizational Behavior and Theory Commons, Technology and Innovation Commons