Do dominant firms provide more training?

Bilanakos, Christos and Green, Colin Peter and Heywood, John Spencer and Theodoropolous, Nikos (2017) Do dominant firms provide more training? Journal of Economics and Management Strategy, 26 (1). pp. 67-95. ISSN 1058-6407

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Abstract

A canonical Cournot competition model shows that the profitability of training can increase as the number of competitors decreases. British establishment evidence from 1998, 2004, and 2011 confirms that firms in less competitive markets provide more formal training. This persists within three separate cross-sections and in two separate panel estimates. It persists with alternative measures of training, with alternative measures of market competition and in estimates designed to account for endogeneity. These results suggest that a dominant product market position, indeed, increases the incentives to invest in training.

Item Type: Journal Article
Journal or Publication Title: Journal of Economics and Management Strategy
Additional Information: This is the peer reviewed version of the following article: Bilanakos, C., Green, C. P., Heywood, J. S. and Theodoropoulos, N. (2017), Do Dominant Firms Provide More Training?. J Econ Manage Strat, 26: 67–95. doi:10.1111/jems.12177 which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/jems.12177/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
Uncontrolled Keywords: /dk/atira/pure/subjectarea/asjc/1400/1405
Subjects:
Departments: Lancaster University Management School > Economics
ID Code: 78983
Deposited By: ep_importer_pure
Deposited On: 14 Apr 2016 15:22
Refereed?: Yes
Published?: Published
Last Modified: 21 Feb 2020 02:57
URI: https://eprints.lancs.ac.uk/id/eprint/78983

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