When entering the global market, companies encounter several difficulties, the most severe being long product development times and too high costs of sequential product and process development. In order to overcome this problem, the companies will have to make a shift from sequential product and processes development (which is wasteful regarding time and costs) to a project-driven concurrent pr...

This study investigates the effect of product market competition on overreaction to intra-industry information transfers. Prior studies show that stock overreacts transfers resulting from earnings announcements early peer firms; however, few how occurs. reveals investors overreact more in higher competition. It also finds competitive environments, negative than they do positive The results impl...

Ability of managers and other nonproduction professionals is key for the productivity of firms. Hence, the assignment of heterogeneous nonproduction workers across firms determines the distribution of productivity. In turn, the transmission of productivity differences into profit differences — resulting from product market competition — determines firms’ willingness to pay for higher managerial...