Abstract
We test whether global technology-intensive sectors have become hypercompetitive over the 1980-2018 period. This is what numerous scholars have suggested, yet few have tested. Based on data from the United States, Europe, Japan, and China, we find no indication of a generalized increase in business performance volatility across regions. We instead find regional differences, such as a declining stability in the performance of Japanese firms over the study period, and in US firms leading up to the burst of the dotcom bubble. A structural break analysis helps us identify that hypercompetition is a “local” phenomenon in both location, time, and industry. We conclude that there is a lack of evidence supporting assumptions of widespread hypercompetition in technology-intensive sectors.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
