Product market competition and organization capital
نویسندگان
چکیده
This study examines the impact of product market competition on a firm’s investment in organization capital using sample Korean, listed firms during 2001–2020. As high provides with incentives to build competitive advantages and increase productivity, we hypothesize that increases drive invest capital. We found positive relationship between also such is more pronounced for high-tech industry financially distressed firms.
منابع مشابه
The relationship between competition law and capital market in Iran
stock market is run by special regulations. accordingly, analyzing the issues about the relation between the competition law and capital market such as stock market officials and their boundaries in the context of setting, controlling and enforcing rules, the generality or specificity of such rules, the controllability of stock market in comparison to the general competition rules and the stat...
متن کاملProduct Market Competition and Stock Market Efficiency
How does competition in a firm's product market affect the behavior of its stock? We examine this question in a noisy rational expectations economy in which firms operate under monopolistic competition. Production is subject to productivity shocks and requires capital, raised on a perfectly competitive equity market. Investors observe firms' past profits and collect private information about th...
متن کاملCorruption and Product Market Competition∗
It is generally considered that more competition might help curb corruption, as rents, which motivate corrupt agreements, are decreasing in the degree of competition. This paper proposes a framework to analyze the relationship between corruption and competition. It studies the optimal incentive scheme for potentially corrupt officials in charge of inspecting firms that compete in the product ma...
متن کاملMergers and the market for organization capital
In this paper, mergers are an equilibrium outcome in which acquirers “marry” targets so as to gain access to their organization capital. Firms that are good at learning about a new technology are not necessarily those that can manage it well. If the organization capital is tradable, there should exist a market for it as there are gains from trade. The model generates a merger wave after deregul...
متن کاملEmployment Protection and Product Market Competition
A firm facing employment protection will defend its market position more fiercely than a firm operating without such restrictions. However, ex ante it will be more reluctant to expand its market position. For the benchmark case of contest competition, the defensive effect dominates. A firm facing employment protection has a stronger average market position. JEL classification: D44, J63
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Economics and Business Letters
سال: 2023
ISSN: ['2254-4380']
DOI: https://doi.org/10.17811/ebl.12.1.2023.10-19