Límites al crecimiento de la empresa en Colombia: Un análisis neoinstitucional al sector de la generación eléctrica

Abstract

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