Product market competition and earnings exposure to productivity shocks

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    4 Citations (Scopus)

    Abstract

    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.

    Original languageEnglish
    Pages (from-to)31-34
    Number of pages4
    JournalEconomics Letters
    Volume174
    DOIs
    Publication statusPublished - Jan 2019

    Keywords

    • Earnings risk
    • Product market competition
    • Product similarity

    ASJC Scopus subject areas

    • Finance
    • Economics and Econometrics

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