LikeSNU-서울대 중앙도서관 빅데이터 지식 플랫폼

산업경쟁도가 산업이익과 기업고유이익의 가치관련성에 미치는 차별적 영향

Author

이세용

Journal Title

상업교육연구

Publication Year

2022

Topics

#Earnings
#Competition

Summary

This study analyzes the differential impact of industry competition on the value relevance of industry-wide and firm-specific earnings. The analysis reveals that while industry competition increases, the value relevance of industry-wide earnings remains unchanged, but the value relevance of firm-specific earnings significantly decreases. This is interpreted as a weakening of a firm's unique competitive advantage in intensified competition, reducing its impact on firm value.

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