Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jebo.2002.12.003
Title: Business groups: Entry barrier-innovation debate revisited
Authors: Mahmood, I.P. 
Lee, C.Y.
Keywords: Business groups
Emerging economy
Entry barriers
Innovation
Non-parametric regression
Issue Date: 2004
Citation: Mahmood, I.P., Lee, C.Y. (2004). Business groups: Entry barrier-innovation debate revisited. Journal of Economic Behavior and Organization 54 (4) : 513-531. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jebo.2002.12.003
Abstract: We argue that in the presence of market imperfections, business groups' market share in a sector acts as a proxy for barriers to enter that sector. Recognition of group share as a proxy for entry barriers allows us to revisit the entry barrier-innovation debate in the context of emerging economies. Evidence presented in this paper note innovative performance is at its peak when groups' market share is at an intermediate level, suggesting that either too many or too few entry barriers could be harmful for innovation. This result appears robust across a variety of non-parametric and parametric regression techniques. © 2004 Elsevier B.V. All rights reserved.
Source Title: Journal of Economic Behavior and Organization
URI: http://scholarbank.nus.edu.sg/handle/10635/44325
ISSN: 01672681
DOI: 10.1016/j.jebo.2002.12.003
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