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With the analysis of the industrial economic theory structure – conduct – performance model, the study investigates the existence of significant relationship among market structure, conduct and performance. Twelve Taiwan companies are studied during the study period from 2006 to 2012 which are analysed with fixed effect and random effect of panel data and ordinary least squares estimation. The empirical result backs the statement by “Structuralism” that market structure (market share, entry barrier and capital intensity) directly affects firm conduct (R&D intensity) and performance (ROA).
Czasopismo
Rocznik
Tom
Strony
35--42
Opis fizyczny
Bibliogr. 31 poz.
Twórcy
autor
- Department of Business Administration, Vanung University, 1, Van Nung Rd., Chung-Li, Tao-Yuan 32061, Taiwan, R.O.C
autor
- Department of Business Administration, Chung Yuan Christian University, No. 200, Chung Pei Rd., Chung Li 32023, Taiwan, R.O.C
Bibliografia
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- [3] Caves, R. E, and Porter, M. E., 1977. “From Entry Barriers to Mobility Barriers: Conjectural Decisions and Contrived Deterrence to New Competition,” Quarterly Journal of Economics, 91(2), 241-261.
- [4] Chan, L. Y. and Lin, H. L., 2012. “The Relationship between Geographic and Market Concentration in Taiwan’s Manufacturing Sector,” Taipei Economic Inquiry, 49(2), 167-205.
- [5] Chang, Y. F., 2012. “Structure, Conduct, and Performance in Taiwan’s Functional Textile Industry,” Master Dissertation, Soochow University, Taipei.
- [6] Demsetz, H., 1973. “Industry Structure, Market Rivalry, and Public Policy,” Journal of Law and Economics, 16(1), 1-19.
- [7] Gallet, C. A., 1996. “Mergers and Market Power in the US Steel Industry,” Applied Economics Letters, 3(4), 221-223.
- [8] Gale, B.T. and Brench, B., 1982. “Concentration versus Market Share: What Determines Performance and Why Does it Matter?” Antitrust Bulletin, 27, 83-106.
- [9] Grant, R. M., 1991. “The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation, California Management Review, 33(3), 114-135.
- [10] Hung, H. H., Huang, I. H. and Chang, C. H., 2011. “Corporate Performance after Substantial Capital Expenditure: The Role of Growth Opportunity and Corporate Governance,” NTU Management Review, 22(1), 297-326.
- [11] Kalton, G., Kasprzyk, D. and McMillen, D., 1998. Nonsampling Errors in Panel Surveys. New York: Wiley.
- [12] Lin, T.R., Shen, Y. C. and Hung, R. T., 2008. “The An Exploration in the Performance of Taiwan’s TFT-LCD Industry: Based on S-C-P Panel Data Model,” Taiwan Business Performance Journal,” 2(1), 1-29.
- [13] Lin, C. Y., 2004. “Concentration, Advertising Intensity and Profitability in Taiwan Manufacturing Industries,” Taiwan Academy of Management Journal, 4(2), 200-224.
- [14] Lin, Y. J., 2005. “The Effectiveness of the Industrial Integration on the Development of a Textiles and Apparel Company,” Annual of Tainan Woman’s College of Arts & Technology, 23, 141-162.
- [15] Mason, E. S., 1939. “Price and Production Policies of Large Scale Enterprises,” American Economic Review, 29(1), 61-74.
- [16] Martin, S., 1993. “Advanced Industrial Economics,” Oxford UK: Blackwell Publishers.
- [17] Ou, C. S., Chen, P. S. and Lee, G. F., 2004. “The Business Value of Training Activities of Taiwan Information and Electronics Industries,” Journal of Human Resource Management, 4(4), 51-72.
- [18] Porter, M. E., 1980, “Competitive Strategy,” New York: Free Press.
- [19] Porter, M. E., 1991, “Toward a dynamic theory of strategy.” Strategic Management Journal, 12(1), 95-117.
- [20] Portney, L. G. and Watkins, M. P., 2000. Foundations of Clinical Research: Applications to Practice. 2nd edition. Prentice-Hall, Upper Saddle River, NJ.
- [21] Ravenscraft, D. J., 1983. “Structure-profit relationships at the line of business and industry level,” Review of Economics and Statistics, 65(1), 22-31.
- [22] Santos, R. A., 1995. “Dynamics of Market Structure, Advertising and Profitability: A VAR approach,” Applied Economics, 27(7), 631-634.
- [23] Scherer, F. M. and Ross, D., 1990. “Industrial Structure and Economic Performance,” 3thed, New York: Houhgton Mifflin Company.
- [24] Shepherd, W. G., 1972. “The Elements of Market Structure,” Review of Economics and Statistics, 54(1), 25-37.
- [25] Szymanski, D. M., Bharadwaj, S. G. and Varadarajan, P. R., 1993. “An Analysis of the Market Share-Profitability Relationship,” Journal of Marketing, 57(3), 1-18.
- [26] Su, W. C., Yu, Y. T. and Yang, C. H., 2013. “Agglomeration and Productive: Firm Level Evidence from Taiwan’s Textile Industry,” Taiwan Economic Forecast and Policy, 44(1), 133-160.
- [27] Sun, M., Huang, C. J. and Su, C. C., 2013. ”M&As, Divestiture Decisions and Corporate Growth Opportunities,” International Journal of Commerce and Strategy, 5(2), 79-98.
- [28] Tanriverdi, H. and Venkatraman, N., 2005. “Knowledge Relatedness and the Performance of Multi-business Firms,” Strategic Management Journal, 26(2), 97-119.
- [29] Tsai, S. L., Liaw, G. F. and Tien, Y. N., 2008. “A Study of the Impact of Technology Innovation and Technology Transfer performance by Corporation Technology Development Program In Taiwan Textile Industry,” Taiwan Textile Research Journal, 18(3), 72-81.
- [30] Yen, G. F., Yang, Y. H. and Lin, W. H., 2013. “Evidence on Structure Conduct Performance – Hypothesis in Taiwan Financial Holding Industry,” Economic Survey, 3, 80-85.
- [31] Yen, G. F., Yang, Y. H. and Lin, Y. H., 2012. “Research on the Structure and Performance of Financial Holding Industry in Taiwan – The Intermediation Role of Firm Conduct,” ICIC Express Letters, 6(10), 2467-2470.
Uwagi
Opracowanie ze środków MNiSW w ramach umowy 812/P-DUN/2016 na działalność upowszechniającą naukę.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-d13a12a5-2e2b-4872-9684-7c69ffb73621