A re-examination of the relationship between industry structure and economic performance

Uri, Noel D.

doi:10.1080/00036848800000108

Cited by 25 publications

(28 citation statements)

References 29 publications

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“…Thus, there has not been sufficient study of the determinants of firm inefficiency. In many cases, a firm that achieves high performance is also less inefficient (Uri 1988). This suggests that inefficiency has some relationship with performance.…”

Section: Inefficiency and Performancementioning

confidence: 97%

The effect of public involvement on firm inefficiency: evidence using Japanese private firms

Nakamura

2010

Rev Manag Sci

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The purpose of this paper is to investigate the effect of public involvement on firm inefficiency. Public involvement is defined as the actions taken by governments to control firm management, as expressed in regulation and public ownership. We make the following three contributions. First, we show public involvement is an important determinant of the inefficiency of private firms. Although public involvement has been shown to influence firm behavior in public or regulated sectors, existing studies in the private sector tend to ignore its effects. Second, we analyze firm inefficiency rather than firm performance by focusing on cost factors. Previous work tends to use performance measures such as return on assets or return on equity rather than inefficiency measures to judge a firm's management level. Performance measures are problematic, however, in that they are affected by not only cost factors but also demand factors. Therefore, we must separate these factors when we analyze a firm's management. Third, we use a stochastic cost frontier model for the estimation. Although this is a suitable approach for estimating firm inefficiency, it is rarely used for private firms. Our results suggest that public ownership increases firm inefficiency while regulation decreases firm inefficiency. It is also clear that the effect of public ownership is not significant in the manufacturing industry, while it is strongly significant in the nonmanufacturing industry. This shows the importance of studying the effect of public involvement in the private sector.

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Section: Inefficiency and Performancementioning

confidence: 97%

The effect of public involvement on firm inefficiency: evidence using Japanese private firms

Nakamura

2010

Rev Manag Sci

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“…For most of the industry divisions, and for both small firms and large firms, regression coefficients, though not statistically significant, were generally negative for small firms and often positive for large fmns. Coate and Uri (1986) and Uri (1988), on the other hand, argued that the estimation results are sensitive to the data and model used to calculate the relationships. They argued that there were a large number of studies in the literature that used only single equation analysis and thus they failed to recognize or at least failed to take account of any causal relationship between profitability and advertising expenditures.…”

Section: Sales 1990mentioning

confidence: 97%

“…Further, as Uri (1988) pointed out, profitability and sales are expected to influence advertising allocations in the next year. For example, a profitable firm may decide to increase advertising to maintain the competitive advantage; similarly, a firm on the decline may decide to reduce its advertising spending in order to control costs.…”

Section: The Modelmentioning

confidence: 97%

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A Structural Equation Model of the Relationship between Advertising, Profitability and Size

Sivasubramaniam

Kara

2014

Proceedings of the 1993 Academy of Marketing Science (AMS) Annual Conference

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According to conventional theories, advertising intensity promotes product differentiation, leading to higher barriers to entry and higher profits.Previous research has attempted to test the relationship between advertising and profitability using historical and experimental approaches. However, these relationships have not been examined over a period of time; hence no causality can be imputed to the variables of interest. Based on COMPUSTAT data for 131 fmns in the consumer goods industries, this study examined the relationships between advertising, profitability and sales over a three year period using LISREL.

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“…We use this profitability indicator because it is normally used as a proxy for firms' profitability (seeUri 1988; Schmalensee and Willi 1992;Molyneux and Forbes 1995).6 The Andalusian Council of Agriculture uses this percentage as a measure of annual development of environmental programmes, so it can be said to meet the general criteria of an environmental performance measure (see e.g.,Russo and Fouts 1997;Tyteca et al 2002) …”

mentioning

confidence: 99%

Does an Endogenous Relationship Exist between Environmental and Economic Performance? A Resource-Based View on the Horticultural Sector

Gómez

2007

Environ Resource Econ

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A re-examination of the relationship between industry structure and economic performance

Cited by 25 publications

References 29 publications

The effect of public involvement on firm inefficiency: evidence using Japanese private firms

The effect of public involvement on firm inefficiency: evidence using Japanese private firms

A Structural Equation Model of the Relationship between Advertising, Profitability and Size

Does an Endogenous Relationship Exist between Environmental and Economic Performance? A Resource-Based View on the Horticultural Sector

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