A lot of research has been made in order to know the idea of first mover advantages and second mover advantages but the experts are divided in their opinions of which factors are affecting and to what magnitude these elements influence the firms. So, the objective of this dissertation was to develop a framework that unifies and points out the factors indicating first-mover advantages and second-mover advantages. The significance of these factors was examined in 3 diverse industries; private banking, ice-cream industry and the mobile phone industry.
The expectations hypothesis of the term structure of interest rates is tested using monthly Eurodollar deposit rates for maturities 1, 3 and 6 months covering the period 1983:1–1996:6. Whereas classical regression-based tests indicate rejection, tests based on a new model allowing for