haku: @journal_id 800 / yhteensä: 148
viite: 123 / 148
| Tekijä: | Schoderbek, M. |
| Otsikko: | Theory of the dominant firm: a capital market test |
| Lehti: | Review of Quantitative Finance and Accounting
1995 : SEP, VOL. 5:3, p. 253-270 |
| Asiasana: | INFORMATION TRANSFER COMPANIES MARKETS |
| Kieli: | eng |
| Tiivistelmä: | This study provides a test of dominant firm theory by examining earnings induced information transfers within industries that have a dominant firm. Based on the economic asymmetries between dominant and fringe firms, it is posited that the earnings announcements of dominant firms will act as an "industry bell", resulting in a positive association between the unexpected earnings of the dominant firm and the security price changes of the fringe firms. |
SCIMA