Entrepreneurial firms: With whom do they compete, and where?
Journal article
Cowling, Marc and Nadeem, Simon Peter 2020. Entrepreneurial firms: With whom do they compete, and where? Review of Industrial Organization. https://doi.org/10.1007/s11151-020-09782-y
| Authors | Cowling, Marc and Nadeem, Simon Peter |
|---|---|
| Abstract | Many different theories that have attempted to explain why smaller entrepreneurial firms exist. Surprisingly, very little empirical work has tested the obvious questions, such as: Are small firm’s price-takers in highly competitive markets? Who do they compete against? What if they try to raise prices? Does innovation offer niche market protection? Using a large UK data set our key findings are that less than 5% of entrepreneurial firms operate in markets where they effectively have no competition and a quarter of all small firms would lose at least a third of their sales if they raised prices by 10%. |
| Keywords | Competition; Entrepreneurship; Market Structure; Market Niches; Small Business |
| Year | 2020 |
| Journal | Review of Industrial Organization |
| Publisher | Springer |
| ISSN | 0889-938X |
| 1573-7160 | |
| Digital Object Identifier (DOI) | https://doi.org/10.1007/s11151-020-09782-y |
| Web address (URL) | http://hdl.handle.net/10545/625247 |
| http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
| hdl:10545/625247 | |
| Publication dates | 04 Aug 2020 |
| Publication process dates | |
| Deposited | 08 Oct 2020, 07:34 |
| Accepted | 2020 |
| Rights | Attribution-NonCommercial-NoDerivatives 4.0 International |
| Contributors | University of Derby |
| File | File Access Level Open |
| File | |
| File | File Access Level Open |
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