Sharma, Vivek - In: International Journal of Revenue Management 4 (2010) 2, pp. 119-130
market power (more competitive firms) during 1993-2006. Our results are robust to controlling for other firm characteristics … of stocks with above median market power (more competitive firms) underperforms a portfolio of below median market power … stocks (less competitive firms) adjusting for market, size, book-to-market and momentum factors. Our results are consistent …