TY  - GEN
AU  - ROGERS, MARK
Y2  - 2014/05/22
Y1  - 2003/07
SN  - 0734031335
SN  - 1328-4991
SN  - 1447-5863
UR  - http://hdl.handle.net/11343/33751
AB  - This paper tests a set of hypotheses relating to agency and Schumpeterian views on how competition affects performance. A survey data set of Australian workplaces is used, with the change in labour productivity growth as the dependent variable. The results show strong support for the idea that intense competition raises productivity growth in managerial workplaces, but not in non-managerial workplaces (i.e. where the principal owner also works). Testing the agency theories in more detail we find no evidence that the number of competitors, the price elasticity of demand or a proxy for bankruptcy (pre-tax losses) are the mechanisms behind the process. For nonmanagerial workplaces the results indicate support for the idea that greater demand uncertainty reduces productivity growth. In contrast, for managerial workplaces greater demand uncertainty tends to raise productivity growth
N1  - application/pdf
LA  - eng
KW  - Competition
KW  - agency
KW  - Schumpeterian
KW  - productivity J.E.L. classification: L1: market structure
KW  - firm strategy
KW  - and market performance
T1  - Competition, agency and productivity
L1  - /bitstream/handle/11343/33751/65942_00000346_01_wp2003n20.pdf?sequence=1&isAllowed=y
ER  -