Product market competition and earnings exposure to productivity shocks

被引：7
|
作者：
Abdoh, Hussein [1 ]
机构：
[1] United Arab Emirates Univ, Abu Dhabi, U Arab Emirates
来源：
ECONOMICS LETTERS | 2019年 / 174卷
关键词：
Product market competition; Product similarity; Earnings risk; INVESTMENT; RISK;
D O I：
10.1016/j.econlet.2018.10.026
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study examines the relationship between product market competition (measured by product similarities) and earnings exposure to common and specific production shocks, finding that higher product similarity lowers profit sensitivity to common productivity shocks, while increasing sensitivity to specific productivity shocks. (C) 2018 Elsevier B.V. All rights reserved.
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页码：31 / 34
页数：4
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