Business strategy and financial consequences: The case of antidumping filings

Ayfer Gurun

Journal of International Financial Markets, Institutions and Money, 2013, vol. 24, issue C, 127-138

Abstract: Does predatory pricing in an industry affect firm values? In this paper, we show that firms filing for antidumping benefit from this decision after controlling for endogeneity of filing decision. Firms with shrinking assets in the past are more likely to file an antidumping petition and market price of firms with more employees and more assets increase more compared to ones with fewer employees and less assets when they file for antidumping. Finally, we find that the correlation between market value changes in supplier industries and the filing industry is economically larger than that of customer industries, suggesting that supplier industries would suffer more if a domestic firm faces foreign competition.

Keywords: Market reaction to international trade announcements; Antidumping; Lobbying (search for similar items in EconPapers)
JEL-codes: F14 F16 G12 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:intfin:v:24:y:2013:i:c:p:127-138

DOI: 10.1016/j.intfin.2012.11.006

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