Debt Financing: Does it Boost or Hurt Firm Performance in Product Markets?

By Murillo Campello. 2006

500 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/368c7c127c61e47f9d235da363e7881e6fc06bc4

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Citations in the corpus

The Limitations of Industry Concentration Measures Constructed with Compustat Data: Implications for Finance Research (2009, unknown): “…(Eckbo 1985, 1992; Maksimovic and Phillips 2001), capital structure decisions (Phillips 1995; Kovenock and Phillips 1997; Mackay and Phillips 2005; Campello 2006), corporate investment patterns (Akdogu and Mackay 2008), chief executive officer (CEO) compensation contracts (Aggarwal and Samwick…”
Is the Risk of Product Market Predation a Cost of Disclosure (2016, background): “…financial constraint but particularly pronounced for firms with high levels of financial constraint, which have met or exceeded their borrowing capacity and are most vulnerable to conflicts between owners and capital providers (Campello, 2006; Opler and Titman, 1994; Bolton and Scharfstein, 1990).”
The New Game in Town: Competitive Effects of IPOs (2010, methodology): “In that paper and also in Campello (2006), competitiveness is measured by the change in sales over time, which is also used as one of the key variables in this study.”
Corporate Suppliers and Customers and Accounting Conservatism (2012, background): “…is comprised almost entirely of publicly-traded firms.12,13 Following prior work such as Kovenock and Phillips (1997), Mackay and Phillips (2005), Campello (2003, 2006), Haushalter et al. (2007), Klasa et al. (2009), and Ali et al. (2009, 2010), we assume that the U.S. Census industry…”
Corporate Capital Structure and the Characteristics of Suppliers and Customers (2007, unknown): “Empirical studies such as Opler and Titman (1994), Chevalier (1995a, b), Phillips (1995), Kovenock and Phillips (1997), Zingales (1998), Khanna and Tice (2000, 2005), and Campello (2003, 2005) find evidence consistent with leverage affecting product market strategy.”
Corporate Payout Policy and Product Market Competition (2007, unknown): “” Other examples include Hicks (1935), who acknowledges that “the best of all monopoly profits is a quiet life,” and Caves (1980), who comments that economists seem to have a “vague suspicion that competition is the enemy of sloth.” Over the past few decades, several theoretical papers have tried to”
CEO Compensation in Private Family Firms (2013, background): “We added “leverage” as an instrument because leverage is often indicated to as an important determinant of ROA (Campello, 2006; Maury, 2006).”
Real Asset Illiquidity and the Cost of Capital (2014, background): “Supporting the view, Campello, Graham, and Harvey (2010) report that during the recent financial crisis financially constrained firms have engaged in significantly more asset sales than have unconstrained firms.”
Product Market Competition, Insider Trading, and Stock Market Efficiency (2010, unknown): “This partition stimulates informed trading (in the informationally sensitive security) and the collection of costly private information.(25) Our findings differ from those of Boot and Thakor (1993): While investors in Boot and Thakor favor the more informationally sensitive securities, they shy away”
Endogeneity in CEO power: A survey and experiment (2016, unknown): “***, ** and * indicate significance at the 1%, 5% and 10% levels, respectively. their primary approach to examine the impact offinance supply onR&D,Campello (2006), who studied the effects of debt financing, and Coles, Li, and Wang (2014), who explored the industry pay gap.”