The effects of competition on management practices in New Zealand–a study of manufacturing firms

Agarwal, R; Brown, PJ; Bajada, C; Stevens, P; Green, R

The effects of competition on management practices in New Zealand–a study of manufacturing firms

Agarwal, R

Brown, PJ Bajada, C

Stevens, P Green, R

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Publisher:: Taylor & Francis
Publication Type:: Journal Article
Citation:: International Journal of Production Research, 2020, 58, (20), pp. 6217-6234
Issue Date:: 2020

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Field	Value	Language
dc.contributor.author	Agarwal, R https://orcid.org/0000-0002-8493-7313
dc.contributor.author	Brown, PJ
dc.contributor.author	Bajada, C https://orcid.org/0000-0003-0590-1492
dc.contributor.author	Stevens, P
dc.contributor.author	Green, R https://orcid.org/0000-0001-5936-8203
dc.date.accessioned	2020-12-23T04:35:58Z
dc.date.available	2020-12-23T04:35:58Z
dc.date.issued	2020
dc.identifier.citation	International Journal of Production Research, 2020, 58, (20), pp. 6217-6234
dc.identifier.issn	0020-7543
dc.identifier.issn	1366-588X
dc.identifier.uri	http://hdl.handle.net/10453/144939
dc.description.abstract	© 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group. Competition is a key factor in driving performance improvements across a range of firm activities including reductions in costs, increasing the levels of productivity, promoting entrepreneurial efforts, fostering innovation, driving better management practices, and exercising strategic managerial decisions. The questions of how and why competitive market forces influence management practices are the focus of this paper. Using data on management practices from 152 New Zealand manufacturing firms, and competition data obtained for various industries of the NZ economy, we examine the association between different dimensions of competition and management practices. Notably, we find little or no association between better management practices and competition when utilising simpler measures of competition, namely the number of competitors, industry concentration measured by HHI and the price-cost margin are used. However, using a more refined measure of competition, competition intensity characterised by profit elasticity, has a positive and significant association with the quality of management practices adopted by firms.
dc.language	English
dc.publisher	Taylor & Francis
dc.relation.ispartof	International Journal of Production Research
dc.relation.isbasedon	10.1080/00207543.2019.1672901
dc.rights	This is an Accepted Manuscript of an article published by Taylor & Francis in International Journal of Production Research, 2020, 58, (20), pp. 6217-6234, available online: https://dx.doi.org/10.1080/00207543.2019.1672901.	en_US
dc.rights	info:eu-repo/semantics/openAccess
dc.subject.classification	Operations Research
dc.title	The effects of competition on management practices in New Zealand–a study of manufacturing firms
dc.type	Journal Article
utslib.citation.volume	58
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Management Discipline
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
pubs.organisational-group	/University of Technology Sydney/Faculty of Transdisciplinary Innovation
utslib.copyright.status	open_access	*
pubs.consider-herdc	true
dc.date.updated	2020-12-23T04:35:44Z
pubs.issue	20
pubs.publication-status	Published
pubs.volume	58
utslib.citation.issue	20

Abstract:

© 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group. Competition is a key factor in driving performance improvements across a range of firm activities including reductions in costs, increasing the levels of productivity, promoting entrepreneurial efforts, fostering innovation, driving better management practices, and exercising strategic managerial decisions. The questions of how and why competitive market forces influence management practices are the focus of this paper. Using data on management practices from 152 New Zealand manufacturing firms, and competition data obtained for various industries of the NZ economy, we examine the association between different dimensions of competition and management practices. Notably, we find little or no association between better management practices and competition when utilising simpler measures of competition, namely the number of competitors, industry concentration measured by HHI and the price-cost margin are used. However, using a more refined measure of competition, competition intensity characterised by profit elasticity, has a positive and significant association with the quality of management practices adopted by firms.

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http://hdl.handle.net/10453/144939