The Impact of Competition on Make-or-Buy Decisions: Evidence from the Spanish Local TV Industry

• 成果类型: Article
• 署名作者: Gil, Ricard; Ruzzier, Christian A.
• 署名单位: Johns Hopkins University; University of Navarra; IESE Business School; Universidad de San Andres Argentina
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.2016.2633
• 发表日期: 2018
• 页码: 1121-1135
• 关键词: competition; vertical integration; Spanish television

摘要

This paper empirically investigates whether changes in product market competition affect firm boundaries. Exploiting regulation-induced shocks to entry barriers and differences in regulation enforcement across cities to obtain exogenous variation in competition, we establish a negative causal effect of competition (through reduced entry barriers and a larger number of rival firms) on vertical integration in the setting of the Spanish local television industry between 1995 and 2002.