Redefining Financial Constraints: A Text-Based Analysis

By Gerard Hoberg, Vojislav Maksimovic. 2015

276 citations recorded by the source corpus.

Citations in the corpus

Can Innovation Help U.S. Manufacturing Firms Escape Import Competition from China? (2015, unknown): “In line with this framework, we find that firms react to increased competition Hoberg and Phillips (2015) use the methodology in Hoberg and Maksimovic (2014) and examine the “Management’s Discussion and Analysis” section of each firm’s 10-K, in which managers discuss their firm performance and persp”
Are Financial Constraints Priced? Evidence from Textual Analysis (2018, unknown): ““Equity Focused List” from Hoberg and Maksimovic (2015) to find an equity training sample where investments are delayed because of difficulties with issuing equity.”
How Valuable Is Financial Flexibility when Revenue Stops? Evidence from the COVID-19 Crisis (2020, unknown): “5 A potential limitation of using the Hoberg and Maksimovic (2015) measure in our sample is that the last available data year is 2015. Hoberg and Maksimovic (2015, p. 1326) caution in their paper that their constraints variables have autocorrelation coefficients that range from 0.4 to 0.6, and that ”
Disclosure on the Sustainable Development Goals – Evidence from Europe (2021, unknown): “Third, we use textual analysis, in particular a methodology developed by Hoberg and Maksimovic (2015) and applied by Hummel et al. (2020) and Hummel and Rötzel (2019), to”