Does market structure affect the corporate financial performance? –Taiwan manufacturing industries’ for example.
Date Issued
2005
Date
2005
Author(s)
Tsai, Chung-Yo
DOI
zh-TW
Abstract
Abstract:
In the past years, the empirical study of market structure and corporate financial performance had different points of view. Some studying indicate when the industry is competitive, managers will have more benchmarks to evaluate the corporate and employee performance. Industrial competition is benefit to corporate financial performance. The others think if the industry is more monopolistic, the corporate have more power to control the goods’ price and cost, take advantage of suppliers and customers. Industrial competition harms corporate financial
performance.
Refer to past studies, they ignore the influence of the corporate goods’difference and market mismatch. As the result, in my study, the calculation of market share is based on domestic market.
The empirical study shows that market structure has significant effect on corporate financial performance. The corporate with higher market share will have better return of equity in the future. The market share have more influence on corporate with high import rate than corporate
with high export rate. The difference of corporate export behavior will affect the empirical result. Market share have heavy influence on corporate with high import rate.
Subjects
市場結構
廠商績效
市場占有率
產業競爭
Market Structure
Corporate Performance
Market Share
Industrial Competition
Type
thesis
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