- Yönetim ve Ekonomi Dergisi
- Vol: 25 Issue: 3
- Test Of Structure-Conduct-Performance And EfficientStructure Hypotheses In Sugar Industry Of Pakista...
Test Of Structure-Conduct-Performance And EfficientStructure Hypotheses In Sugar Industry Of Pakistan
Authors : Samina Begum
Pages : 913-923
Doi:10.18657/yonveek.337949
View : 11 | Download : 6
Publication Date : 2018-12-28
Article Type : Research
Abstract :In this study the validity of Structure-Conduct-Performance (SCP) and efficient-structure (ES) hypotheses is empirically tested in the sugar industry of Pakistan. The data set consists of the 29 sugar mills registered at the Karachi Stock Exchange (KSE) for the financial year 2011. To test the relation of market power, efficiency and performance, we used market concentration and market share as the measurement of market power. In addition, the DEA method to measure firm’s efficiency, while ROE is used as an indicator of performance and three control variables. The result of this study support the traditional SCP hypothesis and indicates that there is positive and significant relation between market concentration and performance, while Reject the ES hypothesis.Keywords : Structure-Conduct-Performance, Efficient-structure, Data Employment analysis, Sugar industry