[CANCELLED] Common Ownership, Market Power, and Export: Evidence from Thailand
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| Krislert Samphantharak (University of California, San Diego) | |
| Thursday 27 February 2020 at 4:00 - 5:00 pm (Hong Kong time, GMT +8) | |
|
IAS2042, HKUST |
In light of the of the current situation relating to the novel coronavirus, this event will be rescheduled until further notice. We are sorry for the inconvenience caused.
Abstract
In this project, the researchers use administrative data of all Thai registered firms, both public and private, to study the impacts of firm’s common ownership and market power on export. Their results suggest that firms in common ownership networks tend to have higher market power as measured by markups. They also find that market power is negatively associated with firm's investment, propensity to export, diversification of export products, and likelihood of product upgrade. It also has a non-linear relationship with productivity growth. Their findings have policy implications on competitive policies and competitiveness of the economy, especially those depending on export as engine of growth.
About the Speaker
Krislert Samphantharak is Executive Director of Puey Ungphakorn Institute for Economic Research (PIER) at the Bank of Thailand and Associate Professor at the University of California San Diego. He is an expert in finance, public policy, and economic development, with a regional specialization on Southeast Asia.
Samphantharak’s research focuses on households, small-and-medium enterprises, and large family businesses conglomerates. His book "Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting" was published by Cambridge University Press. His recent publications include the studies of risk and return in village economies, impacts of natural disasters on farmers in Cambodia, ethnic segregation and public good provision in Indonesia, and household debt over the life cycle in Thailand. Currently, he is working on projects that employ big data analytics to study household finance, corporate finance and ownership structure, tax incentives and SMEs, and market power and business dynamism in Thailand. He is also writing a book on comparative economic development of Southeast Asian economies.
Samphantharak received his doctorate degree in economics from the University of Chicago and held visiting positions at the International Monetary Fund, UCLA, Australian National University, University of Tokyo, and Yale-NUS College.
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