Intra-industry momentum and product market competition around the world
نویسندگان
چکیده
منابع مشابه
Bankruptcy and Product-Market Competition: Evidence from the Airline Industry∗
Classical models of product market competition maintain that firms maximize their profits regardless of their financial condition. Yet over the last two decades a growing theoretical literature has examined whether a firm’s capital structure impacts competition in the market for the firm’s products. In this paper we ask whether a firm operating under bankruptcy protection significantly reshapes...
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Increasingly, strategy scholars are exploring the relationships between innovation, competition, and the persistence of superior profits. Sustained high profitability may result when a firm repeatedly introduces valuable innovations that service previously unmet consumer demands. While the returns to the firm from each innovation may erode over time, innovation ensures that, overall, the firm m...
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Earnings management has inverted the main objective of financial reporting through the distortion of the actual economic performance of companies and prevented the complete transfer of information to market. Given the importance of subject of research, incentives that cause earnings management have been reviewed from various aspects. The main purpose of this research is to examine the relations...
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ژورنال
عنوان ژورنال: Review of Development Finance
سال: 2016
ISSN: 1879-9337
DOI: 10.1016/j.rdf.2016.02.001