The process of post regulatory changes and industry development following motor carrier deregulation: An intervention and profitability study
The Motor Carrier Act of 1980 was supposed to make the US motor carrier industry more economically efficient, largely by stimulating market entry. That entry would presumably depress industry earnings and returns to motor carriers' equities. While it is found that a deregulated industry that of...
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| Veröffentlicht in: | Journal of applied business research 1998-07, Vol.14 (3), p.37 |
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| creator | Neely, Walter P Taylor, Patrick A |
| description | The Motor Carrier Act of 1980 was supposed to make the US motor carrier industry more economically efficient, largely by stimulating market entry. That entry would presumably depress industry earnings and returns to motor carriers' equities. While it is found that a deregulated industry that offers easy entry to new competitors, incumbent firms do not exhibit lower stockholder returns as new firms go public. When profits are examined, however, returns on total capital and profit margins tend to decline for both incumbent and entrant firms. The increased risk and lower returns, documented by pre-deregulation studies give way to a competitive and stable post deregulation industry. |
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| identifier | ISSN: 0892-7626 |
| ispartof | Journal of applied business research, 1998-07, Vol.14 (3), p.37 |
| issn | 0892-7626 2157-8834 |
| language | eng |
| recordid | cdi_proquest_journals_227576930 |
| source | Alma/SFX Local Collection |
| subjects | Airlines Capital assets Competition Deregulation Economic impact Efficiency Hypotheses Incumbency Initial public offerings Market entry Motor Carrier Act 1980-US Motor carriers Profit margins Profitability Statistical analysis Stockholders Studies Trucking industry |
| title | The process of post regulatory changes and industry development following motor carrier deregulation: An intervention and profitability study |
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