We investigate how the effect of competition on price discrimination varies depending on the level of quality provided by companies in the hospitality industry. Our findings reconcile conflicting results of previous literature on this topic. Namely, we provide strong empirical evidence that...

In this paper I study empirically the industry and firm characteristics that determine the level of corporate antitakeover protection. I find that the level of antitakeover protection is negatively associated with the level of firm-specific organizational capital and with stock market...

(WP03/02 Clave pdf) This paper investigates the sources of variability of MNC performance in different areas of the world, particularly the influence of corporate-level factors, the geographical areas, and their specific industries. The key goal is to measure to what extent MNC corporate-level...

In this paper, we argue that the effect of diversification on performance is not homogeneous across industries, as previously assumed in the literature on diversification in strategy and finance. We provide empirical evidence that some industries are more friendly environments for diversified...