how do we define the rival firm in a particular industry, is it based on the market value or price/book value ? how do we define large IPOs based on the IPO size? please give the citation support, i would be thankful to you.
Spiegel, Matthew I. and Tookes, Heather, Identifying an IPO's Impact on Rival Firms (April 12, 2016). Available at SSRN: https://ssrn.com/abstract=2437027 or http://dx.doi.org/10.2139/ssrn.2437027