Perceptions regarding strategic and structural entry barriers
通过因子分析和联合分析,发现企业认为战略性和结构性进入壁垒都很重要,其中资本、分销渠道和战略行动是阻碍新企业进入的关键因素,而政府规则、产品差异、研发和广告的影响较小。
This article uses factor analysis to identify the underlying dimensions of strategic and structural entry barriers. We find that, in the perception of firms, both types of barriers are important and that the effectiveness of strategic barriers depends on attributes of the market structure. Based on the seven generic factors, a conjoint analysis is carried out to identify the most important factors perceived by firms. The conjoint analysis shows that in particular the barriers rooted in three underlying dimensions require attention of market authorities as they may prevent new entrants from entry: capital, access to distribution channels and strategic action. Remarkably, government rules and regulations, product differentiation, research and development (R&D) and advertising constitute minor entry problems according to firms.