Intra-Industry Uncertainty and Firm Valuation
Abstract
This article documents evidence that intra-industry uncertainty has a positive relation with firm valuation. Specifically, the reduction of intra-industry uncertainty about firm future profitability leads to a decline of firm ME/BE ratios over time. The authors find that the positive relation is more prominent for firms in high-tech sectors and those with intensive product market competition. Their results are robust to the control of firm-level...
Paper Details
Title
Intra-Industry Uncertainty and Firm Valuation
Published Date
Jul 31, 2019
Journal
Volume
28
Issue
5
Pages
16 - 27
Citation AnalysisPro
You’ll need to upgrade your plan to Pro
Looking to understand the true influence of a researcher’s work across journals & affiliations?
- Scinapse’s Top 10 Citation Journals & Affiliations graph reveals the quality and authenticity of citations received by a paper.
- Discover whether citations have been inflated due to self-citations, or if citations include institutional bias.
Notes
History