國立虎尾科技大學 |

The Impact of Industry Growth and Antitrust Litigation on the Importance of Gross Margin Rate.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	The Impact of Industry Growth and Antitrust Litigation on the Importance of Gross Margin Rate./
Author:	Jiang, Ping.
Description:	1 online resource (96 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 85-02, Section: A.
Contained By:	Dissertations Abstracts International85-02A.
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9798380148450

The Impact of Industry Growth and Antitrust Litigation on the Importance of Gross Margin Rate.
Jiang, Ping.

The Impact of Industry Growth and Antitrust Litigation on the Importance of Gross Margin Rate. - 1 online resource (96 pages)

Source: Dissertations Abstracts International, Volume: 85-02, Section: A.

Thesis (D.B.A.)--Temple University, 2023.

Includes bibliographical references

How should managers choose between improvements in revenue and gross margin rate, when both contribute to overall profitability? Many finance managers face this question when balancing their companies' targets and goals. Prior studies show that companies' stock returns respond to both metrics, especially when they are consistent with each other, which I replicate in my sample. I predict that the relative strength of responses to revenue and gross margin percentage depends on industry growth. I find that the market's response to revenue growth is greater in high revenue growth than low revenue growth industries. I also argue that the market responds more positively to gross margin rate changes in low growth industries, but the differences are statistically insignificant. In a second study, I apply the theory to the generic pharmaceutical industry where revenue growth is slower. I expect a higher focus on gross margins or pricing when barriers to entry are lower. The Department of Justice and State Attorney Generals sued generic pharmaceutical companies for violating the antitrust laws and manipulating drug prices (consolidated as the multi-district litigation case 2724), making the industry less attractive. I study the pricing changes around the lawsuits and how they affected the likelihood of generic drug manufacturers staying vs. leaving the industry. I also analyze the disparate impact of the lawsuit on large vs. small and medium manufacturers, as the lawsuits listed many large manufacturers as defendants.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798380148450Subjects--Topical Terms:

559073
Finance.
Subjects--Index Terms:

Anti-trustIndex Terms--Genre/Form:

554714
Electronic books.

The Impact of Industry Growth and Antitrust Litigation on the Importance of Gross Margin Rate.
LDR:02949ntm a22004097 4500 001 1143449
005 20240517100604.5
006 m o d
007 cr mn ---uuuuu
008 250605s2023 xx obm 000 0 eng d
020 $a 9798380148450
035 $a (MiAaPQ)AAI30525581
035 $a AAI30525581
040 $a MiAaPQ $b eng $c MiAaPQ $d NTU
100 1 $a Jiang, Ping. $e author. $3 1322365
245 1 4 $a The Impact of Industry Growth and Antitrust Litigation on the Importance of Gross Margin Rate.
264 0 $c 2023
300 $a 1 online resource (96 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertations Abstracts International, Volume: 85-02, Section: A.
500 $a Advisor: Basu, Sudipta.
502 $a Thesis (D.B.A.)--Temple University, 2023.
504 $a Includes bibliographical references
520 $a How should managers choose between improvements in revenue and gross margin rate, when both contribute to overall profitability? Many finance managers face this question when balancing their companies' targets and goals. Prior studies show that companies' stock returns respond to both metrics, especially when they are consistent with each other, which I replicate in my sample. I predict that the relative strength of responses to revenue and gross margin percentage depends on industry growth. I find that the market's response to revenue growth is greater in high revenue growth than low revenue growth industries. I also argue that the market responds more positively to gross margin rate changes in low growth industries, but the differences are statistically insignificant. In a second study, I apply the theory to the generic pharmaceutical industry where revenue growth is slower. I expect a higher focus on gross margins or pricing when barriers to entry are lower. The Department of Justice and State Attorney Generals sued generic pharmaceutical companies for violating the antitrust laws and manipulating drug prices (consolidated as the multi-district litigation case 2724), making the industry less attractive. I study the pricing changes around the lawsuits and how they affected the likelihood of generic drug manufacturers staying vs. leaving the industry. I also analyze the disparate impact of the lawsuit on large vs. small and medium manufacturers, as the lawsuits listed many large manufacturers as defendants.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Finance. $3 559073
653 $a Anti-trust
653 $a Competitive strategy
653 $a Generic pharmaceuticals
653 $a Gross margin rate
653 $a Industry growth
653 $a Pricing
655 7 $a Electronic books. $2 local $3 554714
690 $a 0508
690 $a 0272
690 $a 0454
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a Temple University. $b Business Administration/Accounting. $3 1182477
773 0 $t Dissertations Abstracts International $g 85-02A.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30525581 $z click for full text (PQDT)