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Product Market Structure, Capital Intensity, And Systematic Risk: Empirical Results From The Theory Of The Firm

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  • Manuel L. Jose
  • Jerry L Stevens

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  • Manuel L. Jose & Jerry L Stevens, 1987. "Product Market Structure, Capital Intensity, And Systematic Risk: Empirical Results From The Theory Of The Firm," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 10(2), pages 161-175, June.
    • Handle: RePEc:bla:jfnres:v:10:y:1987:i:2:p:161-175
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1987.tb00488.x
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    References listed on IDEAS

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    1. Shepherd, William G, 1972. "The Elements of Market Structure," The Review of Economics and Statistics, MIT Press, vol. 54(1), pages 25-37, February.
    2. Sullivan, Timothy G, 1978. "The Cost of Capital and the Market Power of Firms," The Review of Economics and Statistics, MIT Press, vol. 60(2), pages 209-217, May.
    3. Hamada, Robert S, 1972. "The Effect of the Firm's Capital Structure on the Systematic Risk of Common Stocks," Journal of Finance, American Finance Association, vol. 27(2), pages 435-452, May.
    4. Demsetz, Harold, 1973. "Industry Structure, Market Rivalry, and Public Policy," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 1-9, April.
    5. Mandelker, Gershon N. & Rhee, S. Ghon, 1984. "The Impact of the Degrees of Operating and Financial Leverage on Systematic Risk of Common Stock," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 19(1), pages 45-57, March.
    6. Stavros B. Thomadakis, 1976. "A Model of Market Power, Valuation and the Firm's Returns," Bell Journal of Economics, The RAND Corporation, vol. 7(1), pages 150-162, Spring.
    7. Melicher, Ronald W. & Rush, David F. & Winn, Daryl N., 1976. "Degree of Industry Concentration and Market Risk-Return Performance," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 11(4), pages 627-635, November.
    8. Fama, Eugene F & MacBeth, James D, 1973. "Risk, Return, and Equilibrium: Empirical Tests," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 607-636, May-June.
    9. Brozen, Yale, 1970. "The Antitrust Task Force Deconcentration Recommendation," Journal of Law and Economics, University of Chicago Press, vol. 13(2), pages 279-292, October.
    10. Lev, Baruch, 1974. "On the Association between Operating Leverage and Risk," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 9(4), pages 627-641, September.
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    Cited by:

    1. Indro, Daniel C. & Richards, Malika, 2007. "The determinants of foreign partner's equity ownership in Southeast Asian joint ventures," International Business Review, Elsevier, vol. 16(2), pages 177-206, April.
    2. Donald Alexander & Paul Thistle, 1999. "Market Power, Efficiency and the Dispersion of Systematic Risk," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 14(4), pages 377-390, June.
    3. Guthrie, Graeme, 2011. "A note on operating leverage and expected rates of return," Finance Research Letters, Elsevier, vol. 8(2), pages 88-100, June.

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