Аннотация
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.
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