کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
10475052 928897 2005 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Degree of competition in the Japanese securities industry
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری استراتژی و مدیریت استراتژیک
پیش نمایش صفحه اول مقاله
Degree of competition in the Japanese securities industry
چکیده انگلیسی
This paper investigates the competitive condition of the Japanese securities industry over the period 1983-2002 using the H-statistic proposed by Panzar and Rosse. Our results indicate that the Japanese securities industry was not in monopoly equilibrium in period 1 (1983-1988) and period 3 (1997-2002), while this possibility cannot be rejected in period 2 (1991-1996). Thus, competition decreased in period 2, then recovered in period 3, even compared with period 1. The industry has not been perfectly competitive, even though it has been undergoing financial reform.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economics and Business - Volume 57, Issue 4, July–August 2005, Pages 360-374
نویسندگان
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