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Does sustainable competitive advantage make a difference in stock performance during the Covid-19 pandemic?
Although firms with sustainable competitive advantage do not yield superior returns in regular years, these firms significantly outperform others during the Covid-19 pandemic. Empirical evidence shows that wide-moat is positively priced by the stock market during the pandemic, which is not the case...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Elsevier Inc.
2022
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9015958/ https://www.ncbi.nlm.nih.gov/pubmed/35463296 http://dx.doi.org/10.1016/j.frl.2022.102893 |