Once China has been accepted into the World Trade Organization, all the business and geographical limitations that previously restricted the activities of foreign banks in China will be removed gradually. China is expected to allow foreign banks to conduct foreign currency business for all foreign customers immediately, to allow them to conduct foreign currency business involving Chinese client...

Asubstantial body of research in management and related public policy fields concludes that recent decades saw greater dynamic competition throughout technology-intensive (TI) industries, with widespread steady increase in TI industry and business performance instability as key implications. We set this conclusion within a broader framework of purportedly increasing dynamic competition among TI...

Substrate engineering [1] has enabled the industry to overcome many of the limitations encountered by traditional scaling. As a result, device architecture and engineered substrates have become strongly coupled, a coupling that is growing stronger as the IC industry moves to the 32 nm technology node and beyond. Substrate engineering started in earnest with the industry transition to SOI wafers...

In this paper we develop a measure of competition based on management’s disclosures in their 10-K filing and find that firms’ rates of diminishing marginal returns on new and existing investment vary significantly with our measure. We show that these firm-level disclosures are related to existing industry-level measures of disclosure (e.g. Herfindahl index), but capture something distinctly new...

Industry cluster is a new feature under the background of globalization, informationization and integration. Along with the development of science and technology, the competition between industry clusters is gradually changed from the traditional cost competition into the innovation ability. The ability of innovation is not only concerned with single enterprise or institution’s ablity but also ...

This paper develops a real options model to study the interaction between industry structure and takeover activity. In an asymmetric industry equilibrium, firms have an endogenous incentive to merge when restructuring decisions are motivated by operating and strategic benefits. The model predicts that (i) the likelihood of restructuring activities is greater in more concentrated industries or i...

This paper focuses on the role of competition, defined broadly to encompass both firm-level and internation competition, in the development of telecommunications infrastructure. The context of the paper is Singapore's telecommunications industry. This paper attributes some of the development of Singapore's telecommunications services and infrastructure to actual and potential competition at the...

This paper examines how strategic posture in IT investment with respect to industry peers (i.e., level of IT investment compared to the industry norm for IT investments) and competitive environment influence IT investments of a firm. We synthesize prior literature on determinants of IT investments and competitive dynamics to develop our theoretical framework. Using archival data for about 380 f...

This article assesses the benefits and possible pitfalls resulting from the concurrency of powers between the OFT and industry regulators under the Competition Act 1998. One of the main advantages is the extension of competition enforcement powers to sectoral regulators who have detailed knowledge and experience of their respective industries. Achieving a broadening of the regulators’ powers wi...