Determinants of entry in Turkish manufacturing industries

GÜNALP B., Cılasun S. M.

Small Business Economics, cilt.27, sa.2-3, ss.275-287, 2006 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 27 Sayı: 2-3
  • Basım Tarihi: 2006
  • Doi Numarası: 10.1007/s11187-006-0021-z
  • Dergi Adı: Small Business Economics
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.275-287
  • Anahtar Kelimeler: entry, exit, dynamic panel data, Turkish manufacturing
  • TED Üniversitesi Adresli: Hayır

Özet

The entry of new firms into markets plays an important role in efficient resource allocation and evolution for long term economic growth. Employing dynamic panel data techniques, this paper investigates entry behavior in 66 four-digit Turkish manufacturing industries for the 1993-1999 period. The results of this paper suggest that potential entrants observe the market before the entry takes place; entry is, in general, a follow-up process; and incumbent firms seem to collude to prevent entry in Turkish manufacturing industries. In addition, the real interest rate appears to be a very important determinant of entry decision. © Springer 2006.