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    Rights statement: 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.

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Do dominant firms provide more training?

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<mark>Journal publication date</mark>2017
<mark>Journal</mark>Journal of Economics and Management Strategy
Issue number1
Volume26
Number of pages29
Pages (from-to)67-95
Publication StatusPublished
Early online date3/05/16
<mark>Original language</mark>English

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.

Bibliographic note

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.