Corporate Equity Ownership and the Governance of Product Market Relationships

By C. Fee, Charles J. Hadlock, Shawn Thomas. 2006

351 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/8aaef1d7db1c3c98a3d4fbdc1fca90605f6465db

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Citations in the corpus

Mitigating Incentive Conflicts in Inter-Firm Relationships: Evidence from Long-Term Supply Contracts (2013, methodology): “Following Houston and Johnson (2000) and Fee et al. (2006), among others, I use the supplier’s RD Intensity, measured as the R&D expense scaled by total sales.”
Buyer-Supplier Relationships and the Stakeholder Theory of Capital Structure (2007, unknown): “Fee et al. (2006) examine whether principal customers own equity stakes in the supplier.”
Reputation and Loan Contract Terms: The Role of Principal Customers (2016, unknown): “Wessels, 1988; Fee, Hadlock, and Thomas, 2006; Banerjee, Dasgupta, and Kim, 2008) and financial decisions (e.g., Fee and Thomas, 2004; Johnson et al., 2012; Ahern and Harford, 2014).”
Corporate Innovation Along the Supply Chain (2018, unknown): “The theoretical work by Ferreira et al. (2014) builds on Manso (2011) and shows that private ownership structure is more tolerant of failures and thus facilitates innovation.”
Overlapping Ownership, R&D Spillovers, and Antitrust Policy (2019, unknown): “14 There is evidence also that OOAs o⁄er strategic bene(cid:133)ts in product market relationships (Allen and Phillips, 2000; Fee et al. 2006) and in R&D e⁄ort and patent success in the presence of patent complemen-tarities (Geng et al. (2016)).”
Customer-Supplier Relationships and Corporate Tax Avoidance (2017, background): “For the effect of supply-chain relationships on ownership structure, Fee et al. (2006) find that both contractual incompleteness and financial market frictions are important in the decision of a customer firm to take an equity stake in its suppliers.”
Board Expertise: Do Directors from Related Industries Help Bridge the Information Gap? (2014, unknown): “34 Fee, Hadlock, and Thomas (2006) demonstrate that contractual frictions can be alleviated by equity ownership of a customer firm in its supplier.”
Bargaining power and industry dependence in mergers (2012, background): “First, the impact of product market interactions on the financial decisions of firms has been studied in various contexts, most notably capital structure decisions (Maksimovic and Phillips, 2001; MacKay and Phillips, 2005; Shahrur, 2005; Campello, 2006; Fee, Hadlock, and Thomas, 2006).”
The Importance of Industry Links in Merger Waves (2012, unknown): “These include Denis, Denis, and Atulya (1997), Allen and Phillips (2000), and Fee, Hadlock, and Thomas (2006).”