Market concentration, market dynamism and business survival

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dc.contributor.authorBurke, Andrew
dc.contributor.authorGorg, Holger
dc.contributor.authorHanley, Aoife
dc.date.accessioned2009-11-11T09:54:19Z
dc.date.available2009-11-11T09:54:19Z
dc.date.issued2007-09
dc.description.abstractThe paper uses a unique dataset comprising the population of new ventures that enter the UK market in 1998. We argue that we would expect the effect of market concentration on firm survival to be different according to whether an industry is static (low entry and exit) or dynamic. In our empirical analysis we find support for this hypothesis. Industry concentration rates reduce the survival of new plants but only in markets marked by low entry and exit rates. Specifically, a 10 percent increase in the 5-firm concentration ratio or the Herfindahl index in a dynamic market, raises the survival rate of new ventures by approximately 2 percent. Our results suggest greater leniency towards more dominant firms in industries showing buoyant entry and exit rates.en_UK
dc.identifier.citationAndrew Burke, Holger Gorg and Aoife Hanley, Market concentration, market dynamism and business survival. RP 9/07, Cranfield University School of Managementen_UK
dc.identifier.isbn1859051898
dc.identifier.urihttp://hdl.handle.net/1826/3943
dc.language.isoenen_UK
dc.publisherCranfield University School of Managementen_UK
dc.relation.ispartofseriesResearch Paper Seriesen_UK
dc.relation.ispartofseriesRP 9/07en_UK
dc.subjectNew firmsen_UK
dc.subjectSurvivalen_UK
dc.subjectMarket concentrationen_UK
dc.subjectCompetition policyen_UK
dc.subjectDynamic industriesen_UK
dc.titleMarket concentration, market dynamism and business survivalen_UK
dc.typeWorking Paperen_UK

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