This paper evaluates and extends earlier studies by Sakakibara and Porter (2001) and by Doi (2001) on the market share instability of leading Japanese firms. Using the data set provided by Sakakibara and Porter, I reexamine the determinants of market share instability, correct some empirical...

This paper reexamines a 1999 study by Abrams, Clarke, and Settle (ACS) which finds that, for the 1950-80 period, state-level economic growth is positively and significantly related to financial depth but is not influenced by banking restrictions and fiscal policy variables. The study focuses on...