The Competitive Dynamics of Technology-Intensive Sectors

Publikation: KonferencebidragPaperForskningpeer review

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.
OriginalsprogEngelsk
Publikationsdato2021
StatusUdgivet - 2021
BegivenhedCompetitive Dynamics Conference 2020 - Online, Helsinki, Finland
Varighed: 31 maj 20212 jun. 2021
https://blogs.aalto.fi/cd2020/

Konference

KonferenceCompetitive Dynamics Conference 2020
LokationOnline
Land/OmrådeFinland
ByHelsinki
Periode31/05/202102/06/2021
Internetadresse

Emneord

  • hypercompetition
  • sustainable competitive advantage
  • dynamic competition
  • Technology-intensive industries

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