Product Market Threats, Payouts, and Financial Flexibility

By Gerard Hoberg, Gordon M. Phillips, Nagpurnanand R. Prabhala. 2012

402 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/89e97f4ff1f1d65c1ea17f70936fcdfe8aa6f898

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Citations in the corpus

A Corporate Culture Channel: How Increased Shareholder Governance Reduces Firm Value (2013, neutral): “Co-occurrence vectors contain the unique words from each of the texts as well as an appropriate weight, which may be a count as in the case of Hoberg, Phillips, and Prabhala (2013), a binary indicator, or a weighted-association.”
A Measure of Competition Based on 10-K Filings (2012, neutral): “6 This approach has also been successful in analyzing merger activity (Hoberg and Phillips 2010) and financing activity (Hoberg et al. 2013).”
Cash Holdings, Competition, and Innovation (2016, neutral): “Our empirical analysis provides new insights on the nature of the relation between the extent of competition in output markets and firms’ cash holdings (e.g., Haushalter, Klasa, and Maxwell (2007) and Hoberg, Phillips, and Prabhala (2014)).”
Effect of institutional ownership on dividends: An agency-theory-based analysis (2016, background): “…and other monitoring mechanisms (Allen, Bernardo, and Welch, 2000; Grinstein and Michaely, 2005; Grullon and Michaely, 2012; Officer, 2011; Hoberg, Phillips, and Prabhala, 2014, and others) by providing further empirical evidence supporting the role of dividends as a tool to mitigate…”
Socially Responsible Firms (2016, background): “mechanisms constraining these agency problems, such as contract design, incentive systems, and internal controls [see Holmstrom and Tirole (1989), Prendergast (1999), and Bebchuk and Weisbach (2010) for”
Product market competition and debt choice (2018, methodology): “We proxy for the intensity of competition in product markets using product market fluidity, FLUIDITY, which is developed by Hoberg et al. (2014).10 FLUIDITY is based on product descriptions found in firms’ 10-”
Economic Policy Uncertainty And Corporate Cash Holdings (2017, neutral): “, 1999), product market threats (Hoberg et al., 2014), refinancing risk (Harford et al.”
Redacting Proprietary Information at the Initial Public Offering (2015, background): “…that they face high costs of disclosing proprietary information to rivals (Verrecchia, 1983), such as being younger, conducting more research and development (R&D), receiving venture capital (VC) financing, and facing greater potential competitive threats (Hoberg, Phillips, and Prabhala, 2014).”