...., 2001). A second line of inquiry analyzed the market structure – stability nexus, often operationalized via banks’ risk-taking and offered several mechanisms through which concentration could shape risk behavior (Calice et al., 2021). Building on these strands, our study examined whether market...

... Publishing Limited Licensed re-use rights only Stochastic frontier Asset pricing Market structure Firm efficiency Recent studies in empirical asset pricing document that the structure of product markets and the level of firm efficiency can explain expected stock returns. Industrial...