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Product Market Concentration, Financing Constraints, and Firms' Business Cycle Sensitivity
Pontuch, Peter - Université Paris-Dauphine (Paris IX) - 2011
the cross-sectional mean-reversion of company profitability. …
Persistent link: https://www.econbiz.de/10010707219
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Product differentiation and systematic risk: theory and empirical evidence
Bazdresch, Santiago - Volkswirtschaftliche Fakultät, … - 2011
Firms producing differentiated products have high margins and therefore low risk. As a result firms invest more into developing differentiated products when they perceive risk is high. Higher risk also implies higher product skewness towards more differentiated products and therefore higher...
Persistent link: https://www.econbiz.de/10009397195
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Capital Structure, Product Market Competition and Firm Performance: Evidence from South Africa
Fosu, Samuel - Department of Economics, Leicester University - 2013
This paper investigates the relationship between capital structure and firm performance, paying particular attention to the degree of industry competition. The paper applies a novel measure of competition, the Boone indicator, to the leverage performance relationship. Using panel data consisting...
Persistent link: https://www.econbiz.de/10010659982
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Financing obstacles and growth: an analysis for euro area non-financial corporations
Coluzzi, Chiara; Ferrando, Annalisa; … - 2009
This paper investigates whether financial obstacles, and, more generally, financial pressure faced by firms, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155,000 non-financial corporations in five euro area countries....
Persistent link: https://www.econbiz.de/10011605043
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Financing obstacles and growth: An analysis for euro area non-financial corporations
Coluzzi, Chiara; Ferrando, Annalisa; … - Banco de España - 2009
This paper investigates whether financial obstacles, and, more generally, financial pressure faced by firms, significantly affect firm growth. For this purpose, we use an unbalanced panel of about 1,000,000 observations for around 155,000 non-financial corporations in five euro area countries....
Persistent link: https://www.econbiz.de/10005155305
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What Determines the Profitability of Banks? Evidence from Spain
Trujillo‐Ponce, Antonio - 2013
This paper empirically analyzes the factors that determine the profitability of Spanish banks for the period of 1999 …-2009. We conclude that the high bank profitability during these years is associated with a large percentage of loans in total … ratios also increase the bank's return, but only when return on assets (ROA) is used as the profitability measure. We find no …
Persistent link: https://www.econbiz.de/10013090890
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Profits, Innovation and Financialization in the Insulin Industry
Collington, Rosie - 2020
The list prices of analogue insulin medicines in the United States have soared during the past decade. In the wake of high-profile cases of prescription medicine “price-gouging”, such as Mylan's EpiPen and Turing-acquired Daraprim, actors across the insulin supply chain are today facing...
Persistent link: https://www.econbiz.de/10012834900
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Financing Constraints, Product Market Competition, and Business Cycle Sensitivity
Pontuch, Peter - 2012
profitability and fixed investment. The adverse effects of financing constraints are increasing in the level of product market … constraints tends to reduce the intra-industry mean-reversion of firm profitability. Again, this regularity is not priced: highly …
Persistent link: https://www.econbiz.de/10013115214
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Financing Constraints, Product Market Competition, and Business Cycle Sensitivity
Pontuch, Peter - 2011
profitability and fixed investment. The adverse effects of financing constraints are increasing in the level of product market … constraints tends to reduce the intra-industry mean-reversion of firm profitability. Again, this regularity is not priced: highly …
Persistent link: https://www.econbiz.de/10013119590
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Strategic investment, industry concentration and the cross section of returns
Bustamante, Maria Cecilia - London School of Economics (LSE) - 2011
competition a¤ects the industrial dynamics of investment, concentration, and expected returns. When firms have similar production …
Persistent link: https://www.econbiz.de/10011071300