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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Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Do dominant firms provide more training?
AU - Bilanakos, Christos
AU - Green, Colin Peter
AU - Heywood, John Spencer
AU - Theodoropolous, Nikos
N1 - 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.
PY - 2017
Y1 - 2017
N2 - 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.
AB - 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.
U2 - 10.1111/jems.12177
DO - 10.1111/jems.12177
M3 - Journal article
VL - 26
SP - 67
EP - 95
JO - Journal of Economics and Management Strategy
JF - Journal of Economics and Management Strategy
SN - 1058-6407
IS - 1
ER -