• RMIT Australia
  • RMIT Global
  • RMIT Australia
  • RMIT Europe
  • RMIT Vietnam

• Students
• Alumni
• Staff

Research Repository

Back to Library

• Home
• Browse
• Search
• FAQs
• About
• Contact Us

Competition and the euro: market structure and firm profitability Schulze, A 2016, Competition and the euro: market structure and firm profitability, Doctor of Philosophy (PhD), Economics, Finance and Marketing, RMIT University. Document type: Thesis Collection: Theses Attached Files Name Description MIMEType Size Schulze.pdf Thesis application/pdf; Bytes Title Competition and the euro: market structure and firm profitability Author(s) Schulze, A Year 2016 Abstract Fundamentally, what is of interest in this thesis is whether the currency union of the European region has actually delivered with respect to removing barriers to entry and hence creating a more open market. Consequently, this should result in enhanced competition and therefore a decrease in market concentration and firm profitability. Significant research has been undertaken with respect to country and therefore macroeconomic impacts. However firm and industry behaviour on a microeconomic level has been largely ignored. Most analysis to date focuses specifically on industries within countries and not across countries in general. Furthermore, there has been no research to date that specifically investigates pre and post impacts of the Economic and Monetary Union (EMU). The determinants of market concentration and firm profitability are explored at length; leveraging the Cournot model. The Herfindahl-Hirschman index (HHI) is constructed across eight different market definitions, in order to capture the impact of the EMU on market structure. The models generated for market concentration (i.e. HHI) and firm profitability (i.e. ROS, ROA and ROE) deploy panel data estimation techniques. According to the models estimated the creation of the EMU has resulted in a reduction in market concentration and firm profitability, consequently suggesting an increase in competition. In light of recent events, policy makers need to be very careful when considering potentially breaking-up the EMU, as there may be direct negative consequences pertaining to the levels of competition across the European landscape. Degree Doctor of Philosophy (PhD) Institution RMIT University School, Department or Centre Economics, Finance and Marketing Subjects Microeconomic Theory Panel Data Analysis Industry Economics and Industrial Organisation Keyword(s) euro emu europe market concentration profitability competition hhi market structure EU European monetary union European Union Herfindahl index Versions Version Filter Type Thu, 08 Jun 2017, 09:10:54 EST Thu, 08 Jun 2017, 09:13:14 EST Thu, 08 Jun 2017, 16:27:31 EST Filtered Full Access Statistics: 140 Abstract Views, 353 File Downloads  -  Detailed Statistics Created: Thu, 08 Jun 2017, 09:10:47 EST by Denise Paciocco