An Empirical Analysis of Industry Concentration Efficacy in the Prediction of Manufacturing Industries’ Stock Returns
The objective of this study is to investigate the impact of industry concentration on the average stock returns prediction, and propose a model to explain this relationship. Explanatory variables are the past one-year's Herfindahl-Hirschman Index of the industry concentration, industry size (ma...
| Format: | Article |
|---|---|
| Language: | fas |
| Published: |
Allameh Tabataba'i University Press
2010-09-01
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| Series: | مطالعات مدیریت بهبود و تحول |
| Subjects: | |
| Online Access: | https://jmsd.atu.ac.ir/article_3664_6439287171f470b0518d3b2fae71c12b.pdf |