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 : 10 | Download : 7

Publication Date : 2018-12-28

Article Type : Research Paper

Abstract :In this study the validity of Structure-Conduct-Performance insert ignore into journalissuearticles values(SCP); and efficient-structure insert ignore into journalissuearticles values(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 insert ignore into journalissuearticles values(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