Industrial Concentration and Performance: A Study of the Structure, Conduct, and Performance of Indian Industry.

Industrial Concentration and Performance: A Study of the Structure, Conduct, and Performance of... 92 BOOK REVIEW lent discussion of the limitations of the data. Kambhampati methodically considers bias in the CR when, for example, firms are diversified and the sample consists only of firms quoted on the stock market. Since the initial data pool considers only India’s top 974 companies, CR1 through CR4 ratios are calculated for each industry and then normalized to generate a one-firm equivalent CR. Based on this measure, forty industries are classified as either high or low concentration. The one-firm equivalent CR for high concentration industries ranges from 53.7 with 1 firm (the matches industry) to 6.7 with 21 firms (paper and pulp industry). The one-firm equivalent CR ranges from 6.2 with 8 firms (industrial machinery for food and textiles) to 0.7 with 50 firms (electrical appliances industry). Kambhampati concludes that overall concentration in Indian industry is low and that in 1984 it is lower than in comparable industries in the United Kingdom. Chapter 5 considers the determinants of structure. The model posits that CRs in 1984 are a function of technical factors, performance, conduct, and the entry policy of government. These factors are estimated respectively by economies of scale variables (significant), profit margins lagged (not significant), advertising Review of Industrial Organization Springer Journals

Industrial Concentration and Performance: A Study of the Structure, Conduct, and Performance of Indian Industry.

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Kluwer Academic Publishers
Copyright © 1999 by Kluwer Academic Publishers
Economics; Industrial Organization; Microeconomics
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