Business groups: entry barrier-innovation debate revisited

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We argue that in the presence of market imperfections, business groups' market share in a sector acts as a proxy for barriers to enter that sector. Recognition of group share as a proxy for entry barriers allows us to revisit the entry barrier-innovation debate in the context of emerging economies. Evidence presented in this paper note innovative performance is at its peak when groups' market share is at an intermediate level, suggesting that either too many or too few entry barriers could be harmful for innovation. This result appears robust across a variety of non-parametric and parametric regression techniques. (C) 2004 Elsevier B.V. All rights reserved.
Publisher
ELSEVIER SCIENCE BV
Issue Date
2004-08
Language
English
Article Type
Article
Keywords

MARKET-STRUCTURE; TECHNOLOGICAL INNOVATION; ORGANIZATION; OPPORTUNITY; INDUSTRIES; REGRESSION; BEHAVIOR; PATTERNS; KOREA

Citation

JOURNAL OF ECONOMIC BEHAVIOR ORGANIZATION, v.54, no.4, pp.513 - 531

ISSN
0167-2681
DOI
10.1016/j.jebo.2002.12.003
URI
http://hdl.handle.net/10203/4288
Appears in Collection
MT-Journal Papers(저널논문)
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