The Structure - Conduct - Performance paradigm revisited: an empirical analysis for Vietnamese firms
The Structure-Conduct-Performance (SCP) paradigm became the dominant framework for empirical work in Industrial Organization starting from the early 1950s.1 There have been a large number of empirical researches in the literature examining the SCP hypothesis for various countries in the world. Never...
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| Format: | Article |
| Language: | English |
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HDV INSER., JSC
2014-12-01
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| Series: | Journal of International Economics and Management |
| Subjects: | |
| Online Access: | https://jiem.ftu.edu.vn/index.php/jiem/article/view/122 |
| _version_ | 1819279639737008128 |
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| author | Thuy Anh Tu Thi Thanh Binh Dinh Binh Duong Nguyen Viet Duong Nguyen |
| author_facet | Thuy Anh Tu Thi Thanh Binh Dinh Binh Duong Nguyen Viet Duong Nguyen |
| author_sort | Thuy Anh Tu |
| collection | DOAJ |
| description | The Structure-Conduct-Performance (SCP) paradigm became the dominant framework for empirical work in Industrial Organization starting from the early 1950s.1 There have been a large number of empirical researches in the literature examining the SCP hypothesis for various countries in the world. Nevertheless, empirical works in this literature for Vietnamese firms are still scared. This paper shows that, in general, the SCP paradigm fits Vietnamese firm data well. Concentration level (C in SCP) of the industry and barriers to entry (S in SCP) are key factors affecting firm performance (P in SCP). We find evidence that higher concentration ratio yields higher performane of firms. This finding provides important empirical evidence on Vietnam’s restructuring process, especially the stated-own enterprises. Vietnam has many economic groups that definitely posses high market power, hence enjoy higher returns. If some of these groups are not efficiently performing, this paper suggests that the government should “dillute” their industry by easing up the entry process hence to increase competitiveness of the industry. The ease of accessing different provinces in Vietnam – a special type of barriers to entry – proves to generate higher performance of firms. This finding is meaningful for provincial authorities in designing policy to promote investment in their localities. Keywords: debt crisis, policy implications |
| first_indexed | 2024-12-24T00:31:06Z |
| format | Article |
| id | doaj.art-f2e4d967ed9544028e3f2c64dacbebab |
| institution | Directory Open Access Journal |
| issn | 2615-9856 |
| language | English |
| last_indexed | 2024-12-24T00:31:06Z |
| publishDate | 2014-12-01 |
| publisher | HDV INSER., JSC |
| record_format | Article |
| series | Journal of International Economics and Management |
| spelling | doaj.art-f2e4d967ed9544028e3f2c64dacbebab2022-12-21T17:24:15ZengHDV INSER., JSCJournal of International Economics and Management2615-98562014-12-01699096122The Structure - Conduct - Performance paradigm revisited: an empirical analysis for Vietnamese firmsThuy Anh TuThi Thanh Binh DinhBinh Duong NguyenViet Duong NguyenThe Structure-Conduct-Performance (SCP) paradigm became the dominant framework for empirical work in Industrial Organization starting from the early 1950s.1 There have been a large number of empirical researches in the literature examining the SCP hypothesis for various countries in the world. Nevertheless, empirical works in this literature for Vietnamese firms are still scared. This paper shows that, in general, the SCP paradigm fits Vietnamese firm data well. Concentration level (C in SCP) of the industry and barriers to entry (S in SCP) are key factors affecting firm performance (P in SCP). We find evidence that higher concentration ratio yields higher performane of firms. This finding provides important empirical evidence on Vietnam’s restructuring process, especially the stated-own enterprises. Vietnam has many economic groups that definitely posses high market power, hence enjoy higher returns. If some of these groups are not efficiently performing, this paper suggests that the government should “dillute” their industry by easing up the entry process hence to increase competitiveness of the industry. The ease of accessing different provinces in Vietnam – a special type of barriers to entry – proves to generate higher performance of firms. This finding is meaningful for provincial authorities in designing policy to promote investment in their localities. Keywords: debt crisis, policy implicationshttps://jiem.ftu.edu.vn/index.php/jiem/article/view/122industrial organizationstructure – conduct – performanceconcentration ratiobarrier to entryeconomic groups |
| spellingShingle | Thuy Anh Tu Thi Thanh Binh Dinh Binh Duong Nguyen Viet Duong Nguyen The Structure - Conduct - Performance paradigm revisited: an empirical analysis for Vietnamese firms Journal of International Economics and Management industrial organization structure – conduct – performance concentration ratio barrier to entry economic groups |
| title | The Structure - Conduct - Performance paradigm revisited: an empirical analysis for Vietnamese firms |
| title_full | The Structure - Conduct - Performance paradigm revisited: an empirical analysis for Vietnamese firms |
| title_fullStr | The Structure - Conduct - Performance paradigm revisited: an empirical analysis for Vietnamese firms |
| title_full_unstemmed | The Structure - Conduct - Performance paradigm revisited: an empirical analysis for Vietnamese firms |
| title_short | The Structure - Conduct - Performance paradigm revisited: an empirical analysis for Vietnamese firms |
| title_sort | structure conduct performance paradigm revisited an empirical analysis for vietnamese firms |
| topic | industrial organization structure – conduct – performance concentration ratio barrier to entry economic groups |
| url | https://jiem.ftu.edu.vn/index.php/jiem/article/view/122 |
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