000121065 001__ 121065
000121065 005__ 20240319080946.0
000121065 0247_ $$2doi$$a10.1080/10242694.2020.1783622
000121065 0248_ $$2sideral$$a118843
000121065 037__ $$aART-2022-118843
000121065 041__ $$aeng
000121065 100__ $$0(orcid)0000-0003-1399-5484$$aCallado-Muñoz, Francisco J.
000121065 245__ $$aFirm performance in regulated markets: the case of spanish defence industry
000121065 260__ $$c2022
000121065 5060_ $$aAccess copy available to the general public$$fUnrestricted
000121065 5203_ $$aThis paper studies the effects of legal reforms associated with defence and public procurement on firm performance. With this aim, a theoretical framework for the reaction of defence firms to regulatory changes is developed. Its predictions have been empirically assessed using the last reforms implemented in Spain. Our results suggest that these new regulations have allowed the main defence contractors to outperform the other defence contractors in terms of productivity, having no effect on profitability. These findings are in line with theoretical priors. Therefore, it can be claimed that governmental interventions have had an effect on firm performance. We also provide evidence that, while the procurement procedures and the contract law put into place in 2011 have principally affected the productivity of large firms, the centralization process established in 2014 has exerted a higher influence on SMEs.
000121065 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S52-17R$$9info:eu-repo/grantAgreement/ES/MINECO/ECO2016-76255-P$$9info:eu-repo/grantAgreement/ES/MINECO/ECO2017-86305-C4-2-R$$9info:eu-repo/grantAgreement/ES/MINECO-FEDER/RTI2018-095799-B-I00
000121065 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc$$uhttp://creativecommons.org/licenses/by-nc/3.0/es/
000121065 590__ $$a1.6$$b2022
000121065 592__ $$a0.583$$b2022
000121065 591__ $$aECONOMICS$$b236 / 380 = 0.621$$c2022$$dQ3$$eT2
000121065 593__ $$aSocial Sciences (miscellaneous)$$c2022$$dQ1
000121065 593__ $$aEconomics and Econometrics$$c2022$$dQ2
000121065 594__ $$a3.7$$b2022
000121065 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion
000121065 700__ $$aHromcová, Jana
000121065 700__ $$0(orcid)0000-0002-5926-2166$$aSanso-Navarro, Marcos$$uUniversidad de Zaragoza
000121065 700__ $$0(orcid)0000-0001-9304-3517$$aUtrero-González, Natalia
000121065 700__ $$0(orcid)0000-0001-8973-6804$$aVera-Cabello, María
000121065 7102_ $$14000$$2415$$aUniversidad de Zaragoza$$bDpto. Análisis Económico$$cÁrea Fund. Análisis Económico
000121065 773__ $$g33, 2 (2022), 201-218$$pDef. peace econ.$$tDefence and Peace Economics$$x1024-2694
000121065 8564_ $$s208844$$uhttps://zaguan.unizar.es/record/121065/files/texto_completo.pdf$$yPostprint
000121065 8564_ $$s1399170$$uhttps://zaguan.unizar.es/record/121065/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint
000121065 909CO $$ooai:zaguan.unizar.es:121065$$particulos$$pdriver
000121065 951__ $$a2024-03-18-12:33:24
000121065 980__ $$aARTICLE