Entrepreneurial firms: With whom do they compete, and where?
Journal article
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 |
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File | File Access Level Open |
https://repository.derby.ac.uk/item/93zy1/entrepreneurial-firms-with-whom-do-they-compete-and-where
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