期刊論文

標題 Market Structure, External Exposure and Industry Profitability: A Theoretical Framework with Taiwan Evidence
學年 96
學期 2
出版(發表)日期 2008/06/01
作品名稱 Market Structure, External Exposure and Industry Profitability: A Theoretical Framework with Taiwan Evidence
作品名稱(其他語言)
著者 Hsu, Song-ken; Tsai, Ming-fang; Yang, Chih-hai
單位 淡江大學經濟學系
出版者 Abingdon, Oxon: Routledge
著錄名稱、卷期、頁數 International Economic Journal 22(2), pp.201-214
摘要 This article aims to investigate empirically the influences of concentration, exports, and exchange rate on industry profitability in a small open economy, in Taiwan. Developing a simple theoretical framework and utilizing panel data of four-digit manufacturing industries over the period 1986–96 to test our findings indicate that concentration has a positive impact on profit margin, while the impacts of export intensity and external exposure are significantly negative. This result indicates that export-intensive industries tend to have a lower profitability in Taiwan, because export firms act as price takers in international markets. Moreover, the exchange rate is found to have a relatively strong and significant effect on industry profitability, whereby the devaluation of the New Taiwan Dollar hurts more those industries with a higher share of imported inputs during the sample period.
關鍵字 concentration; export; exchange rate; industry profitability
語言 英文
ISSN 1016-8737;1743-517X
期刊性質 國外
收錄於
產學合作
通訊作者
審稿制度
國別 英國
公開徵稿
出版型式 紙本