Efficiency in the Market Share and Profitability Relationship PDF Download
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Author: Allan S. Hagin
Publisher:
ISBN:
Category :
Languages : en
Pages : 170
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Book Description
This thesis determines whether market share serves as an efficiency or price raising measure in its positive relation with profitability for manufacturing firm in the U.S. This thesis also investigates whether or not public firm segment data and industry data available from Standard and Poor's Compustat Services and the Census Bureau, respectively, allow precise market shares to be defined for use in a market share-profitability study. Statistical estimation with linear regression is used to estimate both an additive and an interaction model to test the market share role. Return on assets and return on sales are used as profitability measures. Efficiency measures that market share is compared with include the firm cost to sales ratio, sales to employee ratio, and the industry cost advantage ratio. The impact on the results of using segments with a market share greater than seven percent is tested. Size, growth, and product differentiation measures are used as control variables to test their effect on the market share strength in the profitability relation. C4 is used as a measure of industry price raising ability and the advertising expense to sales ratio is used as a measure of firm price raising ability.
Author: Allan S. Hagin
Publisher:
ISBN:
Category :
Languages : en
Pages : 170
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Book Description
This thesis determines whether market share serves as an efficiency or price raising measure in its positive relation with profitability for manufacturing firm in the U.S. This thesis also investigates whether or not public firm segment data and industry data available from Standard and Poor's Compustat Services and the Census Bureau, respectively, allow precise market shares to be defined for use in a market share-profitability study. Statistical estimation with linear regression is used to estimate both an additive and an interaction model to test the market share role. Return on assets and return on sales are used as profitability measures. Efficiency measures that market share is compared with include the firm cost to sales ratio, sales to employee ratio, and the industry cost advantage ratio. The impact on the results of using segments with a market share greater than seven percent is tested. Size, growth, and product differentiation measures are used as control variables to test their effect on the market share strength in the profitability relation. C4 is used as a measure of industry price raising ability and the advertising expense to sales ratio is used as a measure of firm price raising ability.
Author: Allan Scott Hagin (CAPT, USAF.)
Publisher:
ISBN:
Category : Market share
Languages : en
Pages :
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Book Description
Author: Gregory A. McIntyre
Publisher:
ISBN:
Category :
Languages : en
Pages : 121
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Book Description
This thesis determines the role of efficiency in market share's positive relationship with profitability for U.S. manufacturing firms. Two types of efficiency measures are employed in this study. The first is an absolute measure of efficiency using a simple ratio of input to output. The second type is a relative measure of efficiency of output to input calculated by using a new mathematical programming technique called Data Envelopment Analysis. Statistical estimation with linear regression is used to estimate an additive model to test the market share role. Return on sales is used as the profitability measure. The efficiency measures that are compared to market share include the simple ratio of cost to sales and the relative measures of profit to employees and sales to cost. The data used for this study is a subset of the data used by Hagin (23) in a previous thesis. The data is an average of 1977-1979 Compustat data as well as the 1977 Census of Manufactures data. Market share was derived from the Compustat's three year average of net sales divided by the Census value of shipments for the industry identified with the firm's business activity. Keywords: Economic analysis, Economic model. (Theses).
Author: Gregory Alan McIntyre (CAPT, USAF.)
Publisher:
ISBN:
Category : Market share
Languages : en
Pages : 142
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Book Description
Author: N. Venkatraman
Publisher:
ISBN: 9781332269204
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
Excerpt from The Market Share Profitability Relationship: Testing Temporal Stability Across Business Cycles The Market Share - Profitability Relationship: Testing Temporal Stability Across Business Cycles was written by N. Venkatraman and John E. Prescott in 1989. This is a 46 page book, containing 8706 words and 2 pictures. Search Inside is enabled for this title. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: Ronald W Cotterill
Publisher: CRC Press
ISBN: 0429723083
Category : Science
Languages : en
Pages : 410
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Book Description
This book analyzes the implications of the trend toward increased seller concentration due to mergers and leveraged buyouts that have helped increase food firm stock prices 900" during the 1980s. It is an essential reading for industrial organization economists and agricultural marketing economists.
Author: Don E. Waldman
Publisher: Routledge
ISBN: 1315510529
Category : Business & Economics
Languages : en
Pages : 758
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Book Description
Written solely for the undergraduate audience, Industrial Organization: Theory and Practice, which features early coverage of Antitrust, punctuates its modern introduction to industrial organization with relevant empirical data and case studies to show students how to apply theoretical tools.
Author: birger wernerfelt
Publisher:
ISBN:
Category :
Languages : en
Pages : 21
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Jacob A. Bikker
Publisher:
ISBN: 9783902109279
Category : Bank profits
Languages : en
Pages : 88
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Book Description
This paper brings to the forefront the assumptions that we make when focussing on a particular type of explanation for bank profitability. We evaluate a broad field of research by introducing a general framework for a profit maximizing bank and demonstrate how different types of models can be fitted into this framework. Next, we present an overview of the current major trends in European banking and relate them to each model's assumptions, thereby shedding light on the relevance, timeliness and shelf life of the different models. This way, we arrive at a set of recommendations for a future research agenda. We advocate a more prominent role for output prices, and suggest a modification of the intermediation approach. We also suggest ways to more clearly distinguish between market power and effciency, and explain why we need time-dependent models. Finally, we propose the application of existing models to different size classes and sub-markets. Throughout we emphasize the benefits from applying several, complementary models to overcome the identification problems that we observe in individual models.
