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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.
|Publication status||Published - 2021|
|Event||81st Annual Meeting of the Academy of Management: Bringing the Manager Back in Management - Virtual|
Duration: 29 Jul 2021 → 4 Aug 2021
Conference number: 81
|Conference||81st Annual Meeting of the Academy of Management|
|Period||29/07/2021 → 04/08/2021|