Lmites al crecimiento de la empresa en Colombia: Un anlisis neoinstitucional al sector de la generacin elctrica

摘要

This article brings back the debate on the limit that the State must impose to the growthof companies in the market; the author analyzes a case in the Colombian electrical energygeneration industry. For this purpose, it first presents the possibilities that Colombianlegislation offers to the companies to increase their size, and continues with a review on thelimits that are imposed in other countries regarding electrical energy generation; the textends showing the point of view that economic neo-institutionalism has regarding the size ofthe companies. The conclusion drawn from this perspective is that the control of the size ofthe company must come from its internal nature, related to its transaction costs, and proposesthat the Regulator-State should assume the institutional role of establishing clear norms ofconduct for the agents in the market to follow, as opposed to a role that imposes restrictions tothe growth of the companies.