"This paper empirically examines the effects of market size on producers' sizes in retail trade industries with many … implies that larger and more competitive markets have larger producers. Our estimated market size effects indicate whether or …

regulatory agency (the Office of the Comptroller of the Currency), and the third announcement is by a large life insurance … announcements negatively impact the equity values of life insurance companies (and vice versa). Next, we demonstrate that the bank … regulatory agency announcement negatively impacts the equity values of life insurance companies as well as commercial banks. We …