Common Ownership, Domestic Competition, and Export: Evidence from Thailand

Tosapol Apaitan, Chanont Banternghansa, Archawa Paweenawat and Krislert Samphantharak

No 140, PIER Discussion Papers from Puey Ungphakorn Institute for Economic Research

Abstract: We use administrative data of all registered firms in Thailand, both public and private, to study the relationships between common ownership, market power, and firms' export behaviors. Our results suggest that firms in ownership networks tend to have higher market power as measured by markup. In addition, markup is negatively associated with a firm's propensity to export, its likelihood of product upgrade, and the chance of survival in foreign markets. Our findings have policy implications on antitrust regulations and competitiveness policies, especially in export-oriented economies dominated by powerful business conglomerates.

Keywords: Ownership; Network; Markup; Market Power; Competition; Business Dynamism; Competitiveness (search for similar items in EconPapers)
JEL-codes: D4 F1 G3 L2 L4 O25 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2020-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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