The Search for Hypercompetition: Evidence from a Nordic Market Study

Publikation: KonferencebidragPaperForskningpeer review

Abstract

Some scholars and practitioners argue that markets have become hypercompetitive, decreasing the opportunities for sustainable competitive advantage. We test for increasing competition in a panel of 266 Danish firms from 7 industries over the period 1980-2017. We find no support for the argument that the market across industries has become hypercompetitive over this period. The durability of abnormal business returns has remained stable. Dynamism only changed in the 1980s, and levels of munificence are also stable. We do, however, find a small decrease in the survival probability rate of firms over time. Our results lead us to caution against the use of hypercompetition as a universal label for the state of contemporary competition.
OriginalsprogEngelsk
Publikationsdato2020
Antal sider43
StatusUdgivet - 2020
Begivenhed2020 DRUID PhD Academy Conference - University of Southern Denmark, Odense, Danmark
Varighed: 16 jan. 202017 jan. 2020

Konference

Konference2020 DRUID PhD Academy Conference
LokationUniversity of Southern Denmark
Land/OmrådeDanmark
ByOdense
Periode16/01/202017/01/2020

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