Relationship between market power, leverage and systematic risk : the Canadian evidence
A number of studies demonstrated a positive relationship between market power and firm profitability. Economic theory demonstrates that these high profits imply higher prices and restricted output and consequently inefficient resurce allocation. Financial leverage, however, could be a possible alte...
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| Language: | English |
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2010
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| Online Access: | http://hdl.handle.net/2429/20227 |