Asymmetric Rivalry Between Strategic Groups : Response, Speed of Response and Ex - Ante Versus Ex - Post Competitive Interaction in The Spanish Bank Deposit Market  

Oleh:

Ruiz-Moreno, Felipe ; Mas-Ruiz, Francisco J. ; Nicolau-Gonzalbez, Juan L.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 26 no. 8 (Aug. 2005), page 713-746.
Topik: STRATEGIC; asymmetric rivalry; strategic groups; size; banking; deregulation; conjectural variation

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.19 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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The objective of this study is to examine asymmetric rivalry between strategic groups in a given industry. Two research hypotheses argue for the existence of asymmetric rivalry in the sense that strategic groups of small companies have a greater degree of response but a slower speed of response to the actions of strategic groups of large companies, than vice versa. To test this, we use an ex post approach that examines the news releases published on the stratefic actions and reactions of firms. A third hypothesis compares ex ante competitive expectation with ex post asymmetric rivalry between strategic groups. To test this, we compare ex post news on actions / reactions with an ex ante approach that estimates conjectural variations. The empirical application carried out on bank deposits in the spanish market defines strategic groups in terms of size due to the historical and isntitutional conditions of the industry (deregulatory change). The results obtained show that rivalry patterns between strategic groups have a greater degree of response (stackelberg "leader -follower" competitive interaction) and a slower speed of response to the actions of larger bank strategic groups than is found the other way around. Moreover, ex ante expectations of aggressiveness on the part of larger strategic grops charaterize greater ex post reactions from the smaller - size strategic groups. Therefore, the size distribution of strategic groups is valuable to research on complex industries with deregulation changes.

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