Economic Reforms and the Competitive Environment of Firms
24 Pages Posted: 22 Jun 2008 Last revised: 8 Jan 2017
Date Written: February 1, 2007
This article lays out several hypotheses to establish a specific link between structural economic reforms and the competitive environment of firms. We test our hypotheses on data from the steel industry in three post-reform economies. We find that economic reforms tend to have a positive effect on environmental munificence, but they also produce short-term instability in the environment. We elaborate on the implications of our results for managers, policymakers, and scholars.
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