The Turnover of Market Leaders in Japanese Manufacturing Industries

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タイトル，著者，概要	本文（PDF)
"The Turnover of Market Leaders in Japanese Manufacturing Industries" (2006年7月) 　加藤　雅俊（一橋大学大学院商学研究科・競争政策研究センタースチューデントフェロー）　本庄　裕司（中央大学商学部助教授）概要　This paper explores the turnover of market leaders, using data on Japanese manufacturing industries over the period 1975.2002. By applying survival data techniques, we describe industry differences in the turnover of market leaders over time. Our empirical results suggest that market leaders tend to maintain their positions in concentrated industries and consumer good industries. On the other hand, it is found that the turnover of market leaders is more likely to occur in growing industries and R&D-intensive industries. Furthermore, we provide evidence that leadership positions are more stable in industries where cartels were legally sanctioned. JEL classification codes: L10, L60 Keywords: Industry differences, market leaders, survival data techniques, turnover.	CPDP 22-E(PDF:313KB)

タイトル，著者，概要

本文
（PDF)

"The Turnover of Market Leaders in Japanese Manufacturing Industries" (2006年7月)
　加藤　雅俊（一橋大学大学院商学研究科・競争政策研究センタースチューデントフェロー）
　本庄　裕司（中央大学商学部助教授）
概要
　This paper explores the turnover of market leaders, using data on Japanese manufacturing industries over the period 1975.2002. By applying survival data techniques, we describe industry differences in the turnover of market leaders over time. Our empirical results suggest that market leaders tend to maintain their positions in concentrated industries and consumer good industries. On the other hand, it is found that the turnover of market leaders is more likely to occur in growing industries and R&D-intensive industries. Furthermore, we provide evidence that leadership positions are more stable in industries where cartels were legally sanctioned.
JEL classification codes: L10, L60
Keywords: Industry differences, market leaders, survival data techniques, turnover.

CPDP
22-E(PDF:313KB)