How intense is market competition in the Chinese economy? We extend to China, the literature that measures the … intensity of market competition in terms of the persistence of firm profitability from year to year. The fundamental notion is … that intense competition will quickly evaporate any short run quasi-rents enjoyed by any company, and force each to revert …

Financial and industrial economists have increasingly recognized the interaction between product market competition and … financing decisions of firms. This paper analyzes the relationship between product market competition (measured by Tobin's Q … that there are significant differences in the debt ratios and product market competition across different industries. Our …

present evidences on how competition affects the correlation of fair value information. Design/methodology/approach: this … value. In order to effectively inspect the mutual influence between the degree of industry competition and the value … industry competition is greater. To test the hypothesis, we use the comparison of the DFVPSit coefficient absolute value to …