Digging Deep to Compete: Vertical Integration, Product Market Competition and Prices
نویسندگان
چکیده
منابع مشابه
Product Market Competition and Option Prices ∗
Most firms face some form of competition in product markets. The degree of competition a firm faces feeds back into its cash flows and affects the values of the securities it issues. We demonstrate that, through its effects on stock prices, product market competition affects the prices of options on equity naturally and leads to an inverse relationship between equity returns and volatility, gen...
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ژورنال
عنوان ژورنال: The Journal of Industrial Economics
سال: 2017
ISSN: 0022-1821
DOI: 10.1111/joie.12157