Showing 61 - 70 of 75,367
Persistent link: https://www.econbiz.de/10012582338
Persistent link: https://www.econbiz.de/10013171063
We develop a tractable RBC model of the stock market with heterogenous firms. Shares value rests on the rent extracted from proprietary technology à la Dixit-Stiglitz. We prove the existence and uniqueness of the fundamental equilibrium. Closed form solutions are provided for the market...
Persistent link: https://www.econbiz.de/10013245256
We find that firms facing high innovation competition earn significantly higher stock returns, even after controlling … patent activities. The result holds with different measures of innovation competition. More importantly, the innovation … competition premium is distinct from and even subsumes the effects of product market competition documented earlier in the …
Persistent link: https://www.econbiz.de/10013063461
Persistent link: https://www.econbiz.de/10012499740
Persistent link: https://www.econbiz.de/10012312769
Persistent link: https://www.econbiz.de/10012260725
Persistent link: https://www.econbiz.de/10011703797
We examine the stock price reaction of rival firms to privatization announcements to infer information about industry effects of privatization. We find that the rival firms reacted negatively to privatization announcements, thus suggesting that the announcement effects reflect competitive...
Persistent link: https://www.econbiz.de/10011598302
Persistent link: https://www.econbiz.de/10012055084