CONCENTRATION OF TOBACCO MARKET: EVIDENCE FROM SERBIA
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
This paper presents a research on market concentration of tobacco producers in the
Republic of Serbia during 2010-2013. Market concentration was measured by Herfindahl
Hirschman index (HHI) and Concentration index (CRn) based on independent variables:
operating revenue, net earnings, equity and number of employees. The research of market
concentration of tobacco producers based on operating revenue as the most referential
variable indicated that the market of tobacco producers in the Republic of Serbia was highly
concentrated and that it was an oligopoly. Leading companies dominated in the terms of
the value of realized net earnings, equity and number of employees. Although leading
companies had dominance in market share of Serbia, they had worse operating results in
terms of effectiveness, structure of assets and financial performance in observed period.