Relative Performance Ranking: Insights into Competitive Advantage

Abstract

We examine how changes to the firm’s competitive advantage are manifested in the firm’s financial statements and how market participants react to these changes. We argue that changes to the firm’s competitive advantage are manifested through changes to the firm’s intra-industry performance ranking (measured using return on assets). We find that changes to… (More)

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Cite this paper

@inproceedings{Jennings2015RelativePR, title={Relative Performance Ranking: Insights into Competitive Advantage}, author={Jared Jennings and Hojun Seo and Mark T. Soliman}, year={2015} }