Market Competition and Shock Propagation: Implications for Margins and Distress
收藏NBER2025-02-01 更新2025-02-15 收录
下载链接：
https://www.nber.org/papers/w33463
下载链接
链接失效反馈官方服务：
资源简介：
Using local natural disasters as a quasi-experimental setting, we show that adverse shocks lead both directly affected firms and their unaffected competitors to reduce profit margins by approximately 0.8 percentage points. These reductions stem from intensified market competition, driven by
本研究以区域性自然灾害作为准实验（quasi-experimental）场景，研究发现负向冲击会使直接受影响企业及其未受影响的竞争对手的利润率均下降约0.8个百分点。此类利润率下滑源于市场竞争加剧，而该竞争加剧由
提供机构：
美国国家经济研究局
创建时间：
2025-02-01
