Matches in SemOpenAlex for { <https://semopenalex.org/work/W4225540729> ?p ?o ?g. }
- W4225540729 endingPage "32" @default.
- W4225540729 startingPage "1" @default.
- W4225540729 abstract "This study investigates the effect of product market competition on overreaction to intra-industry information transfers. Prior studies show that the stock market overreacts to information transfers resulting from the earnings announcements of early peer firms; however, few studies show how overreaction to information transfers occurs. This study reveals that investors overreact more to information transfers in higher product market competition. It also finds that in competitive environments, investors overreact to negative transfers more than they do to positive transfers. The results imply that investors do not fully understand the differential persistence between industry-wide and firm-specific news released by the industry, which is consistent with the functional fixation hypothesis. Additional analyses also reveal that overreaction to information transfers is less observed when firms are less competitive: the announcement firms are bellwether firms or firms in industries with high sales growth. The results are robust when an alternative measure of product market competition is used. This study has academic and practical implications, showing that product market competition can lead to stock market mispricing in the context of information transfers." @default.
- W4225540729 created "2022-05-05" @default.
- W4225540729 creator A5065335788 @default.
- W4225540729 date "2021-12-28" @default.
- W4225540729 modified "2023-09-26" @default.
- W4225540729 title "Product Market Competition and Overreaction to Intra-Industry Information Transfers" @default.
- W4225540729 cites W1499816538 @default.
- W4225540729 cites W173887490 @default.
- W4225540729 cites W1835318493 @default.
- W4225540729 cites W1965462086 @default.
- W4225540729 cites W1976374323 @default.
- W4225540729 cites W1983829311 @default.
- W4225540729 cites W1988144534 @default.
- W4225540729 cites W1990194482 @default.
- W4225540729 cites W1990502545 @default.
- W4225540729 cites W1994361401 @default.
- W4225540729 cites W1995834279 @default.
- W4225540729 cites W2002858060 @default.
- W4225540729 cites W2010444180 @default.
- W4225540729 cites W2011495648 @default.
- W4225540729 cites W2013300584 @default.
- W4225540729 cites W2019477164 @default.
- W4225540729 cites W2022753826 @default.
- W4225540729 cites W2031754064 @default.
- W4225540729 cites W2032676143 @default.
- W4225540729 cites W2034015862 @default.
- W4225540729 cites W2040494307 @default.
- W4225540729 cites W2046347587 @default.
- W4225540729 cites W2064176609 @default.
- W4225540729 cites W2075062782 @default.
- W4225540729 cites W2096317742 @default.
- W4225540729 cites W2125520394 @default.
- W4225540729 cites W2131177033 @default.
- W4225540729 cites W2136336587 @default.
- W4225540729 cites W2164646550 @default.
- W4225540729 cites W2237210592 @default.
- W4225540729 cites W2312738857 @default.
- W4225540729 cites W2317417571 @default.
- W4225540729 cites W2317750451 @default.
- W4225540729 cites W2319872120 @default.
- W4225540729 cites W2562113510 @default.
- W4225540729 cites W2898060807 @default.
- W4225540729 cites W3121999505 @default.
- W4225540729 cites W3122110797 @default.
- W4225540729 cites W3122316555 @default.
- W4225540729 cites W3122348931 @default.
- W4225540729 cites W3122618196 @default.
- W4225540729 cites W3122656306 @default.
- W4225540729 cites W3123251033 @default.
- W4225540729 cites W3123644118 @default.
- W4225540729 cites W3123993840 @default.
- W4225540729 cites W3124028778 @default.
- W4225540729 cites W3124302192 @default.
- W4225540729 cites W3124375634 @default.
- W4225540729 cites W3124875750 @default.
- W4225540729 cites W3125078907 @default.
- W4225540729 cites W3125688476 @default.
- W4225540729 cites W3125933649 @default.
- W4225540729 cites W4246390368 @default.
- W4225540729 cites W4255034116 @default.
- W4225540729 cites W4292157289 @default.
- W4225540729 cites W455499715 @default.
- W4225540729 doi "https://doi.org/10.11640/tjar.11.2021.01" @default.
- W4225540729 hasPublicationYear "2021" @default.
- W4225540729 type Work @default.
- W4225540729 citedByCount "1" @default.
- W4225540729 countsByYear W42255407292023 @default.
- W4225540729 crossrefType "journal-article" @default.
- W4225540729 hasAuthorship W4225540729A5065335788 @default.
- W4225540729 hasBestOaLocation W42255407291 @default.
- W4225540729 hasConcept C10138342 @default.
- W4225540729 hasConcept C123336316 @default.
- W4225540729 hasConcept C127413603 @default.
- W4225540729 hasConcept C144133560 @default.
- W4225540729 hasConcept C151730666 @default.
- W4225540729 hasConcept C162324750 @default.
- W4225540729 hasConcept C175444787 @default.
- W4225540729 hasConcept C18903297 @default.
- W4225540729 hasConcept C204036174 @default.
- W4225540729 hasConcept C2779343474 @default.
- W4225540729 hasConcept C2780299701 @default.
- W4225540729 hasConcept C2781426361 @default.
- W4225540729 hasConcept C29122968 @default.
- W4225540729 hasConcept C40700 @default.
- W4225540729 hasConcept C556758197 @default.
- W4225540729 hasConcept C78519656 @default.
- W4225540729 hasConcept C86803240 @default.
- W4225540729 hasConcept C91306197 @default.
- W4225540729 hasConceptScore W4225540729C10138342 @default.
- W4225540729 hasConceptScore W4225540729C123336316 @default.
- W4225540729 hasConceptScore W4225540729C127413603 @default.
- W4225540729 hasConceptScore W4225540729C144133560 @default.
- W4225540729 hasConceptScore W4225540729C151730666 @default.
- W4225540729 hasConceptScore W4225540729C162324750 @default.
- W4225540729 hasConceptScore W4225540729C175444787 @default.
- W4225540729 hasConceptScore W4225540729C18903297 @default.
- W4225540729 hasConceptScore W4225540729C204036174 @default.
- W4225540729 hasConceptScore W4225540729C2779343474 @default.