Includes bibliographical references (p. 14-17).

A substantial literature stream suggests that many products are becoming more modular over time, and that this development is often associated with a change in industry structure towards higher degrees of specialization. These developments can have strong implications for an industry€ٳ...

This study investigates the impact of IT investments and several contextual variables on the volatility of future earnings. We find evidence that IT investments strongly increases the volatility of future earnings and that four contextual factors - industry concentration, sales growth,...

Forthcoming in Edwin Elton and Martin Gruber, eds., International capital markets.

Includes bibliographical references (p. 34-36).

Includes bibliographical references (p. 35-36).