The stock market and competitive analysis
Author:
- 1 July 1983
- journal article
- Published by Wiley in Strategic Management Journal
- Vol. 4 (3) , 279-291
Abstract
A method is presented for analysing the stock market's implicit assessment of relative strategic position in an industry. The market's overall perception of strategic position is obtained by comparing the value of future growth potential to that of the existing earnings stream for each company. More detail is extracted by using the quality and quantity of future growth, implicit in the relative value of future growth, as a measure of competitive position and product market outlook respectively. The method is applied to a sample of firms from the computer and data processing industry.Keywords
This publication has 3 references indexed in Scilit:
- Using the Stock Market to Assess Strategic PositionJournal of Business Strategy, 1983
- Experience curves as a planning toolIEEE Spectrum, 1970
- Dividend Policy, Growth, and the Valuation of SharesThe Journal of Business, 1961