Product Market Threats, Payouts, and Financial Flexibility: Product Market Threats, Payouts, and Financial Flexibility

By Gerard Hoberg, Gordon M. Phillips, Nagpurnanand R. Prabhala. 2014

647 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/d4da57d15e99c05c7d6ea6ef02e412f880bdd6f5

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Citations in the corpus

Cash holdings and labor heterogeneity:the role of skilled labor (2017, neutral): “…Maxwell, and Ortiz-Molina 2009), product market characteristics, such as industry concentration and product market fluidity (Haushalter, Klasa, and Maxwell 2007; Hoberg, Phillips, and Prabhala 2014), refinancing risk (Harford, Klasa, and Maxwell 2014), and foreign tax burden (Foley et al. 2007).”
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…”
Trade Credit and Industry Dynamics: Evidence from Trucking Firms: Trade Credit and Industry Dynamics (2015, neutral): “…that incumbents’ capital structure influences their rivals’ entry (Chevalier, 1995a,b; Khanna and Tice, 2000; Boutin, Cestone, Fumagalli, Pica, and Serrano-Velarde, 2013), and that product market competition influences fims’ capital structure decisions (Hoberg, Phillips, and Prabhala, 2014).”
Can Ratings Have Indirect Effects? Evidence from the Organizational Response to Peers’ Environmental Ratings (2015, methodology): “For more details on this classification system and its advantages relative to others, such as SIC codes or the North American Industry Classification System (NAICS) codes, see Hoberg and Phillips (2010a, 2010b) and Hoberg, Phillips, and Prabhala (2014).”
Customers’ Risk Factor Disclosures and Suppliers’ Investment Efficiency (2019, methodology): “Taken together, the findings in Tables 4 and 5 indicate a stronger association between 20 The measure from Hoberg et al. (2014) captures product differentiation in addition to competition.”
US political corruption and firm financial policies (2016, background): “The coefficient on fluidity is positive and significant, consistent with Hoberg, Phillips, and Prabhala (2014).”
The Bright Side of Political Uncertainty: The Case of R&D (2015, background): “The technological change induced by R&D significantly increas s the productivity and boosts endogenous growth for firms (e.g., Arrow (1962), Hall (2002), Bond et al. (2003), McGrattan and Prescott (2009, 2010) and Holmes et al. (2011)).”
Artificial intelligence, firm growth, and product innovation (2024, methodology): “, 2021), and updates to product portfolios (Hoberg et al., 2014).”
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)).”
Offshore activities and financial vs operational hedging (2017, positive): “A final prediction is that when competition or financial constraints are intense, firms favor precautionary policies and thus have more incentives to hedge in general (see, e.g., Hoberg, Phillips, and Prabhala (2014) and Froot, Scharfstein, and Stein (1993), respectively).”