Determinants of Entry in Turkish Manufacturing Industries

Burak Günalp () and Seyit Cilasun ()

Small Business Economics, 2006, vol. 27, issue 2, 275-287

Abstract: The entry of new firms into markets plays an important role in efficient resource allocation and evolution for long term economic growth. Employing dynamic panel data techniques, this paper investigates entry behavior in 66 four-digit Turkish manufacturing industries for the 1993–1999 period. The results of this paper suggest that potential entrants observe the market before the entry takes place; entry is, in general, a follow-up process; and incumbent firms seem to collude to prevent entry in Turkish manufacturing industries. In addition, the real interest rate appears to be a very important determinant of entry decision. Copyright Springer 2006

Keywords: Entry; Exit; Dynamic Panel Data; Turkish Manufacturing; C23; L11; L60 (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1007/s11187-006-0021-z

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