The Dynamics of Industrial Competition: A North American Perspective
Cambridge University Press, 6/29/1995
EAN 9780521465618, ISBN10: 0521465613
Hardcover, 482 pages, 22.9 x 15.2 x 2.7 cm
Language: English
The Dynamics of Industrial Competition, first published in 1995, describes the internal dynamics of industries using longitudinal data that make it possible to track firms over time. It provides a comprehensive picture of a number of different aspects of firm turnover in North America that arise from the competitive process - the entry and the exit of firms, the growth and decline of incumbent firms, and the merger process. Instantaneous and cumulative measures of market dynamics are provided by examining change in both the short and the long run. Using various measures of firm turnover to proxy the amount of competition, the study examines and contextualizes the relationship between industry performance and the intensity of the competitive process.
1. Introduction
2. Firm turnover
Greenfield entry and closedown exit
3. Entry
exit and the merger process
4. The rise and fall of incumbent
5. Patterns of large and small-firm mobility
6. Plant turnover in Canada and the United States
7. Measures of market structure and the intensity of competition
8. The relationship between mobility and concentration
9. Turnover and productivity growth
10. Merger success
11. Turnover in domestic and foreign enterprises
12. Industry efficiency and firm turnover
13. Firm turnover and profitability
14. Modeling entry
15. Conclusion
Appendix A. Measuring firm turnover - methodology
Appendix B. Definition of concentration and mobility measures
Notes
References
Author index
Subject index.