| Author: | Jose, M. L. Stevens, J. L. |
| Title: | Product market structure, capital intensity, and systematic risk : empirical results from the Theory of the Firm. |
| Journal: | Journal of Financial Research
1987 : SUMMER, VOL. 10:2, p. 161-175 |
| Index terms: | RISK ANALYSIS FINANCIAL MODELS PRODUCTS MARKET STRUCTURE CAPITAL |
| Language: | eng |
| Abstract: | A review of product market characteristics and risk, with the product market concepts of industrial organization economics integrated with financial valuation models to assess the relationships among systematic risk, capital intensity and product market power. The theory of input and output prices is extended to provide empirical models. Hypotheses from the theoretical model and questions of traditional single period hypotheses are raised. |
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