Kim, Ryoonhee - In: Journal of derivatives and quantitative studies 28 (2020) 2, pp. 51-62
The purpose of this paper is to use China’s World Trade Organization accession as a quasi-natural experiment and …. Conglomerate segments have higher sales growth and higher profitability than singlesegment firms, when they face intensified import … competition. Conglomerates’ outperformance is not observed when the markets in which segments operate already have high product …