Determinants of entry in Turkish manufacturing industries
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Date
2006
Journal Title
Journal ISSN
Volume Title
Publisher
Springer
Abstract
The entry of new firms into markets plays an important role in efficient resource allocation and evolution for long term economic growth. Employing dynamic panel data techniques, this paper investigates entry behavior in 66 four-digit Turkish manufacturing industries for the 1993-1999 period. The results of this paper suggest that potential entrants observe the market before the entry takes place; entry is, in general, a follow-up process; and incumbent firms seem to collude to prevent entry in Turkish manufacturing industries. In addition, the real interest rate appears to be a very important determinant of entry decision.
Description
Gunalp, Burak/0000-0001-6546-4031
Keywords
entry, exit, dynamic panel data, Turkish manufacturing
Turkish CoHE Thesis Center URL
Citation
18
WoS Q
Q1
Scopus Q
Q1
Source
2nd International Industrial Organization Conference -- APR 23-24, 2004 -- NW Univ, Kellogg Sch Management, Chicago, IL
Volume
27
Issue
2-3
Start Page
275
End Page
287