Daunfeldt, Sven-Olov; Rudholm, Niklas; Bergström, Fredrik - Handelns Utredningsinstitut (HUI Research) - 2005
retail and wholesale trade markets between 1990 and 1996. According to the results, high returns on equity and low sunk costs … seemed to attract more entry into retail trade industries, while recent entry and higher total industry sales were associated … with more entry into both retail and wholesale trade local markets. …