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Unpacking the effects of adverse regulatory events: Evidence from pharmaceutical relabeling

We provide causal evidence that regulation induced product shocks significantly impact aggregate demand and firm performance in pharmaceutical markets. Event study results suggest an average loss between $569 million and $882 million. Affected products lose, on average, $186 million over their remai...

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Detalles Bibliográficos
Autores principales: Higgins, Matthew J., Yan, Xin, Chatterjee, Chirantan
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7486863/
https://www.ncbi.nlm.nih.gov/pubmed/32952226
http://dx.doi.org/10.1016/j.respol.2020.104126