How Intensive Is Competition in the Emerging Markets? : An Analysis of Corporate Rates of Return from Nine Emerging Markets /

This large empirical study of corporate profitability in emerging markets during the 1980s and 1990s measures the intensity of competition. Data on corporate rates of return, profit margins, and output-capital ratios reveal that the recent liberalization has been associated with reduced corporate pr...

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Bibliographic Details
Main Author: Singh, Ajit
Other Authors: Glen, Jack, Matthias, Rudolph
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1999.
Series:IMF Working Papers; Working Paper ; No. 1999/032
Online Access:Full text available on IMF
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This large empirical study of corporate profitability in emerging markets during the 1980s and 1990s measures the intensity of competition. Data on corporate rates of return, profit margins, and output-capital ratios reveal that the recent liberalization has been associated with reduced corporate profit margins and improved capital utilization efficiency. The paper also analyzes persistency in corporate profitability and finds that competitiveness was no less intense in developing countries than in advanced countries. Although the paper is not directly concerned with the Asian crisis, it provides evidence on important structural hypotheses about the crisis. 
538 |a Mode of access: Internet 
700 1 |a Glen, Jack. 
700 1 |a Matthias, Rudolph. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1999/032 
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