Idiosyncratic Volatility and Product Market Competition

By José-Miguel Gaspar, Massimo Massa. 2004

513 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/1108c50d6a7f1f92e10532667ff537cb09f2489f

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Citations in the corpus

Service Innovativeness and Firm Value (2013, background): “Idiosyncratic risk is the residual risk associated with the firm’s returns after accounting for systematic risk and is important to debt holders, employees, suppliers, and customers (Gaspar and Massa 2006).”
Product market power, industry structure, and corporate earnings management (2013, background): “3 See footnotes #2 and #3 in Gaspar and Massa (2006). 4 See ‘‘Buffett Says Pricing Power More Important Than Good Management.”
Product market competition and corporate investment: Evidence from China (2015, background): “, Grenadier (2002) and Bolton and Scharfstein (1990)) and also because the payoffs to investment are uncertain (e.”
The Limitations of Industry Concentration Measures Constructed with Compustat Data: Implications for Finance Research (2009, unknown): “These studies examine issues related to asset pricing (Hou and Robinson 2006), informed trading (Tookes 2008), idiosyncratic stock return volatility (Gaspar and Massa 2006), mergers and acquisitions (Song and Walkling 2000; Fee and Thomas 2004; Shahrur 2005), corporate governance (DeFond and Park…”
Competition and the Cost of Debt (2012, unknown): “Recent research shows that corporate governance, measured by the G-Index, relates to competition and to the pricing of equity and debt (Gompers, Ishii, and Metrick, 2003; Giroud and Mueller, 2010, 2011; Chava, Livdan, and Purnanandam, 2009). To better understand the relation between competition, gov”
The Impact of Brand Quality on Shareholder Wealth (2011, unknown): “Research in finance frequently underscores the importance of industry concentration on investor‘s evaluation of a firm‘s stock price (e.g., Gaspar and Massa 2006; Hou and Robinson 2006).”