Competition and Corporate Performance
This paper investigates the impact of competition on the productivity performance of companies. The key hypothesis is that firms which operate in a more competitive environment have a higher levels of productivity and/or higher rates of productivity growth. We summarise the theoretical foundation for this hypothesis and the empirical evidence in its favour. Both are very thin. We then present some evidence based on a panel of UK manufacturing companies which provides support for the key hypothesis.
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|Date of creation:||Nov 1993|
|Contact details of provider:|| Web page: http://cep.lse.ac.uk/_new/publications/series.asp?prog=CEP|
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- Stewart, M.B., 1989. "Union Wage Differentials, Product Market Influences And The Division Of Rents," The Warwick Economics Research Paper Series (TWERPS) 323, University of Warwick, Department of Economics.
- Geroski, P A, 1990. "Innovation, Technological Opportunity, and Market Structure," Oxford Economic Papers, Oxford University Press, vol. 42(3), pages 586-602, July.
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