Konferenzbeitrag
The impact of the degree of competition in IT industry on operating performance during financial crisis
This study examines whether competition improves corporate performance in Korean economy. Market competition promotes managerial efforts for cost reduction and innovation, while market concentration enables managers to enjoy a "quiet life". The effect of competition can be substituted, to some extent, by that of financial distress. Financial constraint also puts managers in more efforts for higher efficiency of firm. Our analysis of the 2001-2009 panel data of 1,800 Korean firms supports the hypothesis of positive relationship between competition and performance. The negative effect of financial distress is also more evident in highly concentrated markets such as IT industry.
- Sprache
-
Englisch
- Erschienen in
-
Series: 8th Asia-Pacific Regional Conference of the International Telecommunications Society (ITS): "Convergence in the Digital Age", Taipei, Taiwan, 26th-28th June, 2011
- Klassifikation
-
Wirtschaft
- Thema
-
corporate governance
market competition
productivity
financial crisis
information technology
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lee, Sangho
Nam, Changi
Lee, Hongkyu
- Ereignis
-
Veröffentlichung
- (wer)
-
International Telecommunications Society (ITS)
- (wo)
-
Calgary
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Konferenzbeitrag
Beteiligte
- Lee, Sangho
- Nam, Changi
- Lee, Hongkyu
- International Telecommunications Society (ITS)
Entstanden
- 2011
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