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Market Share Mobility in Greek Manufacturing Industry

Author

Listed:
  • Theodore Papadogonas

    (Athens University of Economics and Business, Department of Accounting and Finance)

  • Vassilis Droucopoulos

    (Athens University of Economics and Business, Department of Economics)

Abstract

The objective of this paper is to present evidence on the extent and the determinants of firms' market share stability in Greek manufacturing industry for 1989-1992. Results find that market share stability is reinforced by large initial industry size, low growth rates and, to a lesser extent, by low exit and high entry rates within the group of incumbent firms. Two variables, concentration level and innovative intensity, tend to have differentiated effects on mobility according to the sample taxonomy used. Further work is suggested in testing the hypotheses for a longer period so as to allow for possible effects of product and/or business cycles.

Suggested Citation

  • Theodore Papadogonas & Vassilis Droucopoulos, 2006. "Market Share Mobility in Greek Manufacturing Industry," South-Eastern Europe Journal of Economics, Association of Economic Universities of South and Eastern Europe and the Black Sea Region, vol. 4(1), pages 81-94.
    • Handle: RePEc:seb:journl:v:4:y:2006:i:1:p:81-94
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    File URL: http://www.asecu.gr/Seeje/issue06/papadogonas.pdf
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    References listed on IDEAS

    as
    1. John R. Cable, 1997. "Market Share Behavior And Mobility: An Analysis And Time-Series Application Notes," The Review of Economics and Statistics, MIT Press, vol. 79(1), pages 136-141, February.
    2. Baldwin,John R. & Gorecki,Paul With contributions by-Name:Caves,Richard E. With contributions by-Name:Dunne,Tim With contributions by-Name:Haltiwanger,John, 1998. "The Dynamics of Industrial Competition," Cambridge Books, Cambridge University Press, number 9780521633574.
    3. Uma Kambhampati, 2000. "Industry competitiveness: leadership identity and market shares," Applied Economics Letters, Taylor & Francis Journals, vol. 7(9), pages 569-573.
    4. Marlow, Michael L & Link, John P & Trost, Robert P, 1984. "Market Structure and Rivalry: New Evidence with a Non-linear Model," The Review of Economics and Statistics, MIT Press, vol. 66(4), pages 678-682, November.
    5. van Dijk, Machiel, 2000. "Technological Regimes and Industrial Dynamics: The Evidence from Dutch Manufacturing," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 9(2), pages 173-194, June.
    6. Richard E. Caves, 1998. "Industrial Organization and New Findings on the Turnover and Mobility of Firms," Journal of Economic Literature, American Economic Association, vol. 36(4), pages 1947-1982, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Mike Fusillo, 2013. "The Stability of Market Shares in Liner Shipping," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 42(1), pages 85-106, February.

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    More about this item

    Keywords

    Market share mobility; concentration; innovation;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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