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Stock returns and product market competition: beyond industry concentration

  • Vivek Sharma

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File URL: http://hdl.handle.net/10.1007/s11156-010-0205-0
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Article provided by Springer in its journal Review of Quantitative Finance and Accounting.

Volume (Year): 37 (2011)
Issue (Month): 3 (October)
Pages: 283-299

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Handle: RePEc:kap:rqfnac:v:37:y:2011:i:3:p:283-299
Contact details of provider: Web page: http://springerlink.metapress.com/link.asp?id=102990

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  1. Sullivan, Timothy G, 1982. "The Cost of Capital and the Market Power of Firms: Reply and Correction," The Review of Economics and Statistics, MIT Press, vol. 64(3), pages 523-25, August.
  2. Nevo, Aviv, 1999. "Measuring Market Power in the Ready-to-Eat Cereal Industry," Competition Policy Center, Working Paper Series qt7cm5p858, Competition Policy Center, Institute for Business and Economic Research, UC Berkeley.
  3. Louis K. C. Chan, 2001. "The Stock Market Valuation of Research and Development Expenditures," Journal of Finance, American Finance Association, vol. 56(6), pages 2431-2456, December.
  4. Melicher, Ronald W. & Rush, David F. & Winn, Daryl N., 1976. "Degree of Industry Concentration and Market Risk-Return Performance," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 11(04), pages 627-635, November.
  5. Moyer, R. Charles & Chatfield, Robert, 1983. "Market power and systematic risk," Journal of Economics and Business, Elsevier, vol. 35(1), pages 123-130.
  6. Felipe L. Aguerrevere, 2009. "Real Options, Product Market Competition, and Asset Returns," Journal of Finance, American Finance Association, vol. 64(2), pages 957-983, 04.
  7. George Symeonidis, 2002. "The Effects of Competition: Cartel Policy and the Evolution of Strategy and Structure in British Industry," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262194686, June.
  8. Paul A. Pautler, 2002. "The Effects of Competition: Cartel Policy and the Evolution of Strategy and Structure in British Industry, by Symeonidis, G. Cambridge and London: MIT Press, 2002, x+542 pp., $55.00; £37.95 (clot," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 23(6), pages 381-382.
  9. Michael J. Cooper & Huseyin Gulen & Michael J. Schill, 2008. "Asset Growth and the Cross-Section of Stock Returns," Journal of Finance, American Finance Association, vol. 63(4), pages 1609-1651, 08.
  10. Gerard Hoberg & Gordon M. Phillips, 2008. "Real and Financial Industry Booms and Busts," NBER Working Papers 14290, National Bureau of Economic Research, Inc.
  11. Fama, Eugene F & MacBeth, James D, 1973. "Risk, Return, and Equilibrium: Empirical Tests," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 607-36, May-June.
  12. Jos�-Miguel Gaspar, 2006. "Idiosyncratic Volatility and Product Market Competition," The Journal of Business, University of Chicago Press, vol. 79(6), pages 3125-3152, November.
  13. Demsetz, Harold, 1973. "Industry Structure, Market Rivalry, and Public Policy," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 1-9, April.
  14. Joel Peress, 2010. "Product Market Competition, Insider Trading, and Stock Market Efficiency," Journal of Finance, American Finance Association, vol. 65(1), pages 1-43, 02.
  15. Sullivan, Timothy G, 1978. "The Cost of Capital and the Market Power of Firms," The Review of Economics and Statistics, MIT Press, vol. 60(2), pages 209-17, May.
  16. Michael Raith, 2003. "Competition, Risk, and Managerial Incentives," American Economic Review, American Economic Association, vol. 93(4), pages 1425-1436, September.
  17. Lubos Pastor & Pietro Veronesi, 2005. "Technological Revolutions and Stock Prices," NBER Working Papers 11876, National Bureau of Economic Research, Inc.
  18. Subrahmanyam, Marti G & Thomadakis, Stavros B, 1980. "Systematic Risk and the Theory of the Firm," The Quarterly Journal of Economics, MIT Press, vol. 94(3), pages 437-51, May.
  19. Lee, Cheng-Few & Thomas Liaw, K. & Rahman, Shafiqur, 1990. "Impacts of market power and capital-labor ratio on systematic risk: A Cobb-Douglas approach," Journal of Economics and Business, Elsevier, vol. 42(3), pages 237-241, August.
  20. S. Baranzoni & P. Bianchi & L. Lambertini, 2000. "Market Structure," Working Papers 368, Dipartimento Scienze Economiche, Universita' di Bologna.
  21. Karuna, Christo, 2007. "Industry product market competition and managerial incentives," Journal of Accounting and Economics, Elsevier, vol. 43(2-3), pages 275-297, July.
  22. Kewei Hou & David T. Robinson, 2006. "Industry Concentration and Average Stock Returns," Journal of Finance, American Finance Association, vol. 61(4), pages 1927-1956, 08.
  23. Fama, Eugene F & French, Kenneth R, 1992. " The Cross-Section of Expected Stock Returns," Journal of Finance, American Finance Association, vol. 47(2), pages 427-65, June.
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