New restaurants and their intra-industry effects: evidence from Portugal
This paper investigates the intra-industry effects resulting from the birth of a new restaurant at Portugal. Using event-study methods, this paper finds that, in the year the new competitors open for business, industry rivals experience an average abnormal loss of -17.6% in their return-on-assets...
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| Format: | Article |
| Language: | English |
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University of the Algarve - ESGHT - CIEO
2017-01-01
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| Series: | Tourism & Management Studies |
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| Online Access: | https://tmstudies.net/index.php/ectms/article/view/897/pdf_46 |