The Dynamics of Market Entry
نویسنده
چکیده
We study the dynamics of market entry following mergers and acquisitions (M&As), and the behavior of recent entrants in supplying output that might be withdrawn by the consolidating firms. The data, drawn from the banking industry, suggest that M&As are associated with subsequent increases in the probability of entry. The estimates suggest that M&As explain more than 20% of entry in metropolitan markets, and more than 10% of entry in rural markets. Additional results suggest that bank age has a strong negative effect on the small business lending of small banks, but that M&As have little influence on this lending. JEL Classification Numbers: G21, G28, G34, E58, L89
منابع مشابه
Identifying the Factors Affecting the Selection of B2B Online Market Entry Strategies Using Soft System Methodology (Case Study: IT Industry knowledge-based companies)
The Internet is changing the transaction pattern of B2B markets. One of the major concerns of IT knowledge-based companies is how to take advantage of B2B online markets. These companies believe that the only possible strategy for entering these markets is to launch independent websites, and they are usually reluctant to enter these markets due to the requirements such as financial resources an...
متن کاملTransition in Iran’s Electricity Market Considering the Policies on Elimination of Electricity Subsidies: System Dynamics Application
Because of electricity subsidies, electricity price in Iran is much lower than its real value, and the growth of electricity demand is much more than its rational rate, which in turn implies ever increasing investment in the electricity section by the Government. Therefore, the recent Government policies are based on elimination of electricity subsidies, followed by commissioning complete elect...
متن کاملMarket Based Analysis of Natural Gas and Electricity Export via System Dynamics
By increasing the extraction of natural gas, its role in the restructured power systems is being expanded, due to its lower pollution. Iran has the second largest reserves of natural gas in the world and exports it to different countries. This paper represents long run analysis of natural gas export from Iran to Turkey as a case study, considering direct transfer and exporting via the power mar...
متن کاملUsing System Dynamics to Model Rod Bar Supply Chain in Iranian Market
Steel market and particularly rod bar market play important roles in economy of countries. Economic systems are considered as complex systems which are sophisticated to be modeled mathematically. One way to model these systems is simulation and use of system dynamics. This paper models rod bar supply chain in Iran using system dynamics. Data of this research is gathered from first hand materi...
متن کاملThe impact of children’s entry to labor market on health expenditures of urban household
Child labor is regarded as an ambiguous and controversial challenge encountered in majority of countries across the world. Given the incidence and prevalence of this phenomenon in Iran and the importance of household health expenditures, this study was done to evaluate the impact of children’s entry into labor market on household health expenditures. This study was conducted on urban households...
متن کاملImpact of Structural Components of Market on the Markup Level Based on Radial Basis Neural Network and Fuzzy Logic
This paper aims to evaluate the impact of several indices of market structure including entry to barrier, economies of scale and concentration degree on 140 active industries using the digit. Accordingly, we apply three methods including cost disadvantages ratio ( ), Herfindahl–Hirschman concentration index ( ) and Comanor and Willson criterion in order to assess the economies of scale and usin...
متن کامل