期刊論文
| 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 | en |
| 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 | GBR |
| 公開徵稿 | |
| 出版型式 | 紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/66347 ) |