Gordon M. Phillips

Dartmouth College - Tuck School of Business

Laurence F. Whittemore Professor

Hanover, NH 03755

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Dartmouth College - Tuck School of Business

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

58

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SSRN CITATIONS
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2,945

CROSSREF CITATIONS

731

Scholarly Papers (58)

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1.

Text-Based Network Industries and Endogenous Product Differentiation

Journal of Political Economy, Forthcoming
Number of pages: 69 Posted: 09 Dec 2009 Last Revised: 04 Jul 2015
Gerard Hoberg and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 8,988 (1,336)
Citation 90

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Industry Classifications, Endogenous Barriers to Entry, Product Market Competition, Product Differentiation

2.

Product Market Synergies and Competition in Mergers and Acquisitions: A Text-Based Analysis

Number of pages: 48 Posted: 07 Aug 2008 Last Revised: 18 Aug 2011
Gerard Hoberg and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 4,072 (5,116)
Citation 51

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Mergers, Product Markets, Text Analysis, Merger Strategies

3.

Product Market Threats, Payouts, and Financial Flexibility

Journal of Finance, Forthcoming
Number of pages: 55 Posted: 17 Mar 2011 Last Revised: 07 Sep 2012
Gerard Hoberg, Gordon M. Phillips and Nagpurnanand Prabhala
University of Southern California - Marshall School of Business - Finance and Business Economics Department, Dartmouth College - Tuck School of Business and The Johns Hopkins Carey Business School
Downloads 3,500 (6,566)
Citation 281

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Dividends, Repurchases, Payout, Cash, Product Markets, Dynamic Product Markets, Competition

4.

Innovation Activities and Integration through Vertical Acquisitions

Review of Financial Studies, Forthcoming, Swiss Finance Institute Research Paper No. 19-36
Number of pages: 79 Posted: 31 Mar 2013 Last Revised: 13 Jul 2019
Laurent Frésard, Gerard Hoberg and Gordon M. Phillips
Universita della Svizzera italiana (USI Lugano), University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 2,932 (8,694)
Citation 87

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Mergers and Acquisitions, Vertical Mergers, Vertical Integration

5.

Scope, Scale and Concentration: The 21st Century Firm

Downloads 2,402 (11,986)
Citation 14

Scope, Scale and Concentration: The 21st Century Firm

forthcoming Journal of Finance
Number of pages: 93 Posted: 19 Feb 2021 Last Revised: 03 Jan 2024
Gerard Hoberg and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 2,381 (11,933)
Citation 1

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firm scope, economies of scope, products, concentration, firm size, scale

Scope, Scale and Concentration: The 21st Century Firm

NBER Working Paper No. w30672
Number of pages: 77 Posted: 21 Nov 2022 Last Revised: 23 Apr 2023
Gerard Hoberg and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 21 (1,007,931)
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6.

Is There an Optimal Industry Financial Structure?

Downloads 1,867 (17,822)
Citation 8

Is There an Optimal Industry Financial Structure?

Number of pages: 47 Posted: 17 May 2001
Peter MacKay and Gordon M. Phillips
Hong Kong University of Science & Technology (HKUST) - Department of Finance and Dartmouth College - Tuck School of Business
Downloads 1,764 (19,094)
Citation 4

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Capital Structure, Debt, Equity, Financial Structure, Intra-industry Equilibrium

Is There an Optimal Industry Financial Structure?

NBER Working Paper No. w9032
Number of pages: 47 Posted: 27 Jun 2002 Last Revised: 07 Sep 2022
Gordon M. Phillips and Peter MacKay
Dartmouth College - Tuck School of Business and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 103 (503,002)

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7.

Real and Financial Industry Booms and Busts

Downloads 1,705 (20,491)
Citation 134

Real and Financial Industry Booms and Busts

Journal of Finance, Forthcoming
Number of pages: 42 Posted: 21 Mar 2008 Last Revised: 29 Apr 2009
Gerard Hoberg and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 1,656 (21,090)
Citation 20

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Product Markets, competition, stock, returns, booms, busts, analysts

Real and Financial Industry Booms and Busts

NBER Working Paper No. w14290
Number of pages: 46 Posted: 01 Sep 2008 Last Revised: 20 Jul 2022
Gerard Hoberg and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 49 (763,042)
Citation 48

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8.

Text-Based Industry Momentum

Number of pages: 71 Posted: 04 Oct 2014 Last Revised: 01 Jul 2017
Gerard Hoberg and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 1,600 (22,579)
Citation 34

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Momentum, Information Processing, Industry Shocks, Stock Returns, Alpha, Trading Strategies, Market Efficiency, Reversals

9.

Why Do Public Firms Issue Private and Public Securities?

Downloads 1,460 (25,938)
Citation 74

Why Do Public Firms Issue Private and Public Securities?

Number of pages: 52 Posted: 17 Mar 2005
Armando R. Gomes, Armando R. Gomes and Gordon M. Phillips
Washington University in St. Louis - John M. Olin Business SchoolWashington University in Saint Louis - John M. Olin Business School and Dartmouth College - Tuck School of Business
Downloads 811 (58,967)
Citation 1

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Capital structure, financial structure, debt, equity, public, private

Why Do Public Firms Issue Private and Public Securities?

AFA 2008 New Orleans Meetings Paper
Number of pages: 48 Posted: 23 Mar 2007
Gordon M. Phillips, Armando R. Gomes and Armando R. Gomes
Dartmouth College - Tuck School of Business and Washington University in St. Louis - John M. Olin Business SchoolWashington University in Saint Louis - John M. Olin Business School
Downloads 587 (89,532)
Citation 8

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Why Do Public Firms Issue Private and Public Securities?

NBER Working Paper No. w11294
Number of pages: 55 Posted: 06 Jun 2005 Last Revised: 12 Nov 2022
Armando R. Gomes, Armando R. Gomes and Gordon M. Phillips
Washington University in St. Louis - John M. Olin Business SchoolWashington University in Saint Louis - John M. Olin Business School and Dartmouth College - Tuck School of Business
Downloads 62 (683,335)
Citation 38

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10.

The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and are There Efficiency Gains?

Downloads 1,385 (28,023)

The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and are There Efficiency Gains?

Number of pages: 56 Posted: 16 Mar 2000
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 1,385 (27,557)
Citation 108

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The Market for Corporate Assets: Who Engages in Mergers and Asset Sales and are There Efficiency Gains?

Posted: 23 May 2001
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

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Mergers, Asset Sales, Conglomerate Firms, Productivity

11.

Conglomerate Firms and Internal Capital Markets

Number of pages: 96 Posted: 21 Nov 2006
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 1,259 (32,256)
Citation 7

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Conglomerate firms, multidivisional firms, firm organization, investment, internal capital markets, conglomerates

12.

Does Industry Competition Influence Analyst Coverage Decisions and Career Outcomes?

Downloads 1,183 (35,246)
Citation 9

Does Industry Competition Influence Analyst Coverage Decisions and Career Outcomes?

Journal of Financial and Quantitative Analysis, forthcoming, Tuck School of Business Working Paper No. 3669846
Number of pages: 59 Posted: 17 Aug 2020 Last Revised: 18 Nov 2021
Charles Hsu, Xi Li, Zhiming Ma and Gordon M. Phillips
Hong Kong University of Science & Technology, University of Arkansas - Department of Finance, Peking University - Guanghua School of Management and Dartmouth College - Tuck School of Business
Downloads 260 (226,114)
Citation 6

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Industry Competition; Coverage Decisions; Career Outcomes; Analysts

Does Product Market Competition Influence Analyst Coverage and Analyst Career Success?

Tuck School of Business Working Paper No. 2698331
Number of pages: 58 Posted: 06 Dec 2015 Last Revised: 28 May 2017
Charles Hsu, Xi Li, Zhiming Ma and Gordon M. Phillips
Hong Kong University of Science & Technology, University of Arkansas - Department of Finance, Peking University - Guanghua School of Management and Dartmouth College - Tuck School of Business
Downloads 659 (77,292)
Citation 6

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Competition, Analysts, All-Star, Stock Analysts

Product Market Competition and Analyst Coverage Decisions

Number of pages: 54 Posted: 06 May 2020
Charles Hsu, Xi Li, Zhiming Ma and Gordon M. Phillips
Hong Kong University of Science & Technology, University of Arkansas - Department of Finance, Peking University - Guanghua School of Management and Dartmouth College - Tuck School of Business
Downloads 264 (222,645)
Citation 1

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Analysts, industry knowledge, all star, competition

13.

Corporate Equity Ownership, Strategic Alliances and Product Market Relationships

Downloads 1,174 (35,638)

Corporate Equity Ownership, Strategic Alliances and Product Market Relationships

Number of pages: 31 Posted: 09 Nov 2000
Jeffrey Allen and Gordon M. Phillips
affiliation not provided to SSRN and Dartmouth College - Tuck School of Business
Downloads 1,174 (35,081)
Citation 25

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Corporate Equity Ownership, Strategic Alliances and Product Market Relationships

Posted: 17 Apr 2001
Jeffrey Allen and Gordon M. Phillips
affiliation not provided to SSRN and Dartmouth College - Tuck School of Business

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Equity Ownership, Strategic Alliances, Joint Ventures, Product Market Relationships

14.

Product Market Uniqueness, Organizational Form and Stock Market Valuations

Number of pages: 45 Posted: 13 Oct 2012 Last Revised: 01 Sep 2014
Gerard Hoberg and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 1,056 (41,497)
Citation 8

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stock market valuations, organizational form, conglomerate firms, uniqueness

15.

Industry Choice and Product Language

Downloads 1,034 (42,776)
Citation 10

Industry Choice and Product Language

Number of pages: 45 Posted: 05 Jun 2011 Last Revised: 01 Apr 2015
Gerard Hoberg and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 980 (45,401)
Citation 2

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Conglomerates, Firm Organization, Industrial Organization, Product Market Competition, Conglomerate Valuation

Conglomerate Industry Choice and Product Differentiation

NBER Working Paper No. w17221
Number of pages: 50 Posted: 16 Jul 2011 Last Revised: 23 Jul 2023
Gerard Hoberg and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 54 (730,349)
Citation 1

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16.

Do Conglomerate Firms Allocate Resources Inefficiently?

Downloads 1,001 (44,797)

Do Conglomerate Firms Allocate Resources Inefficiently?

Number of pages: 51 Posted: 18 Aug 1998
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 1,001 (44,102)
Citation 21

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Do Conglomerate Firms Allocate Resources Inefficiently?

Posted: 23 May 2001
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

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17.

Private and Public Merger Waves

Downloads 985 (45,799)
Citation 51

Private and Public Merger Waves

Number of pages: 47 Posted: 18 Jun 2010
Vojislav Maksimovic, Gordon M. Phillips and Liu Yang
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and University of Maryland, Robert H. Smith School of Business
Downloads 646 (79,296)
Citation 25

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Merger Waves, Private Firms, Initial Conditions, TFP

Private and Public Merger Waves

Journal of Finance, Forthcoming
Number of pages: 48 Posted: 08 May 2012
Vojislav Maksimovic, Gordon M. Phillips and Liu Yang
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and University of Maryland, Robert H. Smith School of Business
Downloads 339 (171,174)

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Mergers and Acquisitions, Private Firms

18.

The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity

Downloads 950 (48,175)
Citation 63

The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity

Journal of Finance, Forthcoming
Number of pages: 75 Posted: 08 Feb 2015 Last Revised: 10 Dec 2017
John (Jianqiu) Bai, Daniel R. Carvalho and Gordon M. Phillips
Northeastern University - D’Amore-McKim School of Business, Indiana University - Kelley School of Business and Dartmouth College - Tuck School of Business
Downloads 675 (74,914)
Citation 2

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Financing Frictions, Aggregate Productivity, Resource Reallocation

The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity

Tuck School of Business Working Paper No. 2781980
Number of pages: 61 Posted: 24 May 2016
John (Jianqiu) Bai, Daniel R. Carvalho and Gordon M. Phillips
Northeastern University - D’Amore-McKim School of Business, Indiana University - Kelley School of Business and Dartmouth College - Tuck School of Business
Downloads 176 (327,096)
Citation 22

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The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity

NBER Working Paper No. w24081
Number of pages: 76 Posted: 06 Dec 2017 Last Revised: 20 Apr 2023
John (Jianqiu) Bai, Daniel Carvalho and Gordon M. Phillips
Northeastern University - D’Amore-McKim School of Business, Indiana University and Dartmouth College - Tuck School of Business
Downloads 99 (517,189)
Citation 53

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19.

Product Markets, Competition and Corporate Finance: A Review and Directions for Future Research

Number of pages: 84 Posted: 19 Oct 2022 Last Revised: 23 Oct 2022
Laurent Frésard and Gordon M. Phillips
Universita della Svizzera italiana (USI Lugano) and Dartmouth College - Tuck School of Business
Downloads 882 (53,440)

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corporate finance, industry product markets, competition and concentration, industrial organization, financing decisions

20.

Product Integration and Merger Success

Tuck School of Business Working Paper No. 2933283, Marshall School of Business Working Paper No. 17-21
Number of pages: 47 Posted: 16 Mar 2017 Last Revised: 26 Aug 2018
Gerard Hoberg and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 798 (61,172)
Citation 7

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mergers, integration, innovation, stock returns, product markets, text analysis

21.

Venture Capital Investments, Mergers and Competition Laws around the World

Downloads 759 (65,374)
Citation 1

Venture Capital Investments, Mergers and Competition Laws around the World

Tuck School of Business Working Paper No. 3072665
Number of pages: 69 Posted: 20 Nov 2017 Last Revised: 11 Nov 2019
Gordon M. Phillips and Alexei Zhdanov
Dartmouth College - Tuck School of Business and Pennsylvania State University
Downloads 651 (78,542)

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Venture Capital, Mergers and Acquisitions, Merger Waves, Takeover Laws

Venture Capital Investments and Merger and Acquisition Activity Around the World

NBER Working Paper No. w24082
Number of pages: 55 Posted: 06 Dec 2017 Last Revised: 21 Apr 2023
Gordon M. Phillips and Alexei Zhdanov
Dartmouth College - Tuck School of Business and University of Lausanne
Downloads 108 (485,604)

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22.

The Industry Life Cycle and Acquisitions and Investment: Does Firm Organization Matter?

Downloads 759 (65,374)
Citation 40

The Industry Life Cycle and Acquisitions and Investment: Does Firm Organization Matter?

AFA 2005 Philadelphia Meetings
Number of pages: 44 Posted: 16 Jan 2005
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 698 (71,778)
Citation 1

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conglomerates, acquisitions, mergers, investment, conglomerate, mulit-industry, productivity

The Industry Life Cycle and Acquisitions and Investment: Does Firm Organization Matter?

NBER Working Paper No. w12297
Number of pages: 42 Posted: 16 Jun 2006 Last Revised: 02 Jan 2023
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 61 (688,944)
Citation 2

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23.

Real Asset Illiquidity and the Cost of Capital

Downloads 737 (67,906)
Citation 42

Real Asset Illiquidity and the Cost of Capital

Number of pages: 55 Posted: 04 Jun 2009 Last Revised: 27 Aug 2012
Hernan Ortiz-Molina and Gordon M. Phillips
University of British Columbia (UBC) - Sauder School of Business and Dartmouth College - Tuck School of Business
Downloads 627 (82,315)
Citation 41

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real asset illiquidity, cost of capital, operating inflexibility, financial flexibility

Asset Liquidity and the Cost of Capital

NBER Working Paper No. w15992
Number of pages: 52 Posted: 17 May 2010 Last Revised: 13 Mar 2023
Hernan Ortiz-Molina and Gordon M. Phillips
University of British Columbia (UBC) - Sauder School of Business and Dartmouth College - Tuck School of Business
Downloads 110 (479,068)

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24.

R&D and the Incentives from Merger and Acquisition Activity

Downloads 672 (76,411)
Citation 117

R&D and the Incentives from Merger and Acquisition Activity

Number of pages: 65 Posted: 27 Nov 2012
Gordon M. Phillips and Alexei Zhdanov
Dartmouth College - Tuck School of Business and Pennsylvania State University
Downloads 603 (86,468)
Citation 9

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mergers, innovation, R&D

R&D and the Incentives from Merger and Acquisition Activity

NBER Working Paper No. w18346
Number of pages: 58 Posted: 01 Sep 2012 Last Revised: 17 Feb 2023
Gordon M. Phillips and Alexei Zhdanov
Dartmouth College - Tuck School of Business and Pennsylvania State University
Downloads 69 (645,730)
Citation 77

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25.

Conglomerate Firms, Internal Capital Markets and the Theory of the Firm

Downloads 664 (77,605)
Citation 26

Conglomerate Firms, Internal Capital Markets and the Theory of the Firm

Robert H. Smith School Research Paper
Number of pages: 27 Posted: 04 Aug 2013
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 664 (76,538)
Citation 26

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Efficiency, Firm Valuation, Neoclassical Model, Multisegment Firms, Conglomerate Discount

Conglomerate Firms, Internal Capital Markets, and the Theory of the Firm

Annual Review of Financial Economics, Vol. 5, pp. 225-244, 2013
Posted: 08 Nov 2013
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

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26.

Intellectual Property Protection Lost and Competition: An Examination Using Large Language Models

Downloads 659 (78,358)
Citation 2

Intellectual Property Protection Lost and Competition: An Examination Using Large Language Models

Tuck School of Business Working Paper No. 4023622
Number of pages: 83 Posted: 14 Mar 2022 Last Revised: 06 May 2023
Utku Acikalin, Tolga Caskurlu, Gerard Hoberg and Gordon M. Phillips
TOBB University of Economics and Technology, University of Amsterdam Business School, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 648 (78,996)

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Patents, Intellectual property protection, Innovation, competition, litigation

Intellectual Property Protection Lost and Competition: An Examination Using Machine Learning

NBER Working Paper No. w30671
Number of pages: 77 Posted: 21 Nov 2022 Last Revised: 22 Apr 2023
Utku Acikalin, Tolga Caskurlu, Gerard Hoberg and Gordon M. Phillips
TOBB University of Economics and Technology, University of Amsterdam Business School, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 11 (1,124,316)
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27.

CEOs and the Product Market: When are Powerful CEOs Beneficial?

Number of pages: 52 Posted: 17 Jun 2014 Last Revised: 20 Jul 2020
Minwen Li, Yao Lu and Gordon M. Phillips
Tsinghua Universitiy - School of Economics and Management, Tsinghua University - School of Economics & Management and Dartmouth College - Tuck School of Business
Downloads 653 (79,275)
Citation 29

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Product Markets; Corporate Covernance; CEOs

28.

Corporate Equity Ownership and Product-Market Relationships

Number of pages: 43 Posted: 03 Sep 1998
Jeffrey Allen and Gordon M. Phillips
affiliation not provided to SSRN and Dartmouth College - Tuck School of Business
Downloads 645 (80,504)
Citation 2

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29.

U.S. - China Innovation Competition

Downloads 619 (84,716)
Citation 1

U.S. - China Innovation Competition

Tuck School of Business Working Paper No. 3294389, USC Marshall School of Business Research Paper Sponsored by iORB, No. Forthcoming
Number of pages: 68 Posted: 09 Dec 2018 Last Revised: 08 Jun 2021
Gerard Hoberg, Bruce Yuan Li and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department, Cornerstone Research, Inc. and Dartmouth College - Tuck School of Business
Downloads 588 (89,325)

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Innovation, competition, China, investment, internet penetration

Internet Access and U.S. - China Innovation Competition

NBER Working Paper No. w28231
Number of pages: 69 Posted: 23 Dec 2020 Last Revised: 20 Feb 2022
Gerard Hoberg, Yuan Li and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business and Dartmouth College - Tuck School of Business
Downloads 31 (906,440)
Citation 1

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30.

Extending Industry Specialization through Cross-Border Acquisitions

Downloads 547 (99,151)
Citation 21

Extending Industry Specialization through Cross-Border Acquisitions

Number of pages: 57 Posted: 02 Aug 2014 Last Revised: 04 Nov 2016
Laurent Frésard, Ulrich Hege and Gordon M. Phillips
Universita della Svizzera italiana (USI Lugano), Toulouse School of Economics and Dartmouth College - Tuck School of Business
Downloads 500 (109,411)

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Extending Industry Specialization Through Cross-Border Acquisitions

NBER Working Paper No. w22848
Number of pages: 58 Posted: 21 Nov 2016 Last Revised: 07 Jun 2023
Laurent Frésard, Ulrich Hege and Gordon M. Phillips
Universita della Svizzera italiana (USI Lugano), Toulouse School of Economics and Dartmouth College - Tuck School of Business
Downloads 47 (776,811)
Citation 15

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31.

Asset Efficiency and Reallocation Decisions of Bankrupt Firms

Downloads 493 (112,494)

Asset Efficiency and Reallocation Decisions of Bankrupt Firms

Number of pages: 45 Posted: 23 Jul 1998
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business
Downloads 493 (111,201)
Citation 25

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Asset Efficiency and Reallocation Decisions of Bankrupt Firms

Posted: 24 Jul 1998
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

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32.

Post-Merger Restructuring and the Boundaries of the Firm

Downloads 469 (119,436)
Citation 52

Post-Merger Restructuring and the Boundaries of the Firm

Number of pages: 53 Posted: 10 Aug 2008
Vojislav Maksimovic, Gordon M. Phillips and Nagpurnanand Prabhala
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and The Johns Hopkins Carey Business School
Downloads 245 (239,824)
Citation 17

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acquisitions, mergers, investment, dispositions, conglomerate, restructuring, productivity

Post-Merger Restructuring and the Boundaries of the Firm

US Census Bureau Center for Economic Studies Paper No. CES-WP-11-11
Number of pages: 55 Posted: 17 Apr 2011
Vojislav Maksimovic, Gordon M. Phillips and Nagpurnanand Prabhala
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and The Johns Hopkins Carey Business School
Downloads 167 (342,673)
Citation 1

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Post-Merger Restructuring and the Boundaries of the Firm

NBER Working Paper No. w14291
Number of pages: 53 Posted: 01 Sep 2008 Last Revised: 21 Jul 2022
Vojislav Maksimovic, Gordon M. Phillips and Nagpurnanand Prabhala
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and The Johns Hopkins Carey Business School
Downloads 57 (711,920)
Citation 32

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33.

The Effects of Going Public on Firm Profitability and Strategy

Downloads 449 (125,649)

The Effects of Going Public on Firm Profitability and Strategy

Tuck School of Business Working Paper No. 3830690
Number of pages: 65 Posted: 21 Apr 2021 Last Revised: 27 Mar 2023
Borja Larrain, Gordon M. Phillips, Giorgo Sertsios and Francisco Urzúa I.
Pontificia Universidad Catolica de Chile, Dartmouth College - Tuck School of Business, Universidad de los Andes, Chile and City University London - Bayes Business School
Downloads 413 (137,235)

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IPOs, Profitability, Commercialization, Instrumental Variables, Selection, Treatment

The Effects of Going Public on Firm Performance and Commercialization Strategy: Evidence from International Ipos

NBER Working Paper No. w29219
Number of pages: 64 Posted: 13 Sep 2021 Last Revised: 04 May 2023
Borja Larrain, Gordon M. Phillips, Giorgo Sertsios and Francisco Urzúa I.
Pontificia Universidad Catolica de Chile, Dartmouth College - Tuck School of Business, Universidad de los Andes, Chile and City University London - Bayes Business School
Downloads 36 (861,840)

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34.

How Do Firm Financial Conditions Affect Product Quality and Pricing?

Downloads 385 (149,996)
Citation 32

How Do Firm Financial Conditions Affect Product Quality and Pricing?

AFA 2011 Denver Meetings Paper, Robert H. Smith School Research Paper No. RHS RHS-06-141
Number of pages: 50 Posted: 16 Mar 2010 Last Revised: 18 Feb 2011
Gordon M. Phillips and Giorgo Sertsios
Dartmouth College - Tuck School of Business and Universidad de los Andes, Chile
Downloads 345 (167,944)
Citation 8

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Financial Distress, Bankruptcy, Product Quality, Pricing, Airlines

How Do Firm Financial Conditions Affect Product Quality and Pricing?

NBER Working Paper No. w17233
Number of pages: 56 Posted: 24 Jul 2011 Last Revised: 02 Feb 2023
Gordon M. Phillips and Giorgo Sertsios
Dartmouth College - Tuck School of Business and Universidad de los Andes, Chile
Downloads 40 (829,119)
Citation 25

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35.

Outsourcing through Purchase Contracts and Firm Capital Structure

Downloads 382 (151,321)
Citation 9

Outsourcing through Purchase Contracts and Firm Capital Structure

AFA 2015 Boston Meetings Paper
Number of pages: 53 Posted: 02 Jan 2014 Last Revised: 04 Sep 2017
S. Katie Moon and Gordon M. Phillips
University of Colorado at Boulder - Leeds School of Business and Dartmouth College - Tuck School of Business
Downloads 342 (169,550)

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Capital Structure, Purchase Contracting, Supply Contracts, Outsourcing

Outside Purchase Contracts, Human Capital and Firm Capital Structure

NBER Working Paper No. w20579
Number of pages: 59 Posted: 15 Oct 2014 Last Revised: 26 Mar 2023
S. Katie Moon and Gordon M. Phillips
University of Colorado at Boulder - Leeds School of Business and Dartmouth College - Tuck School of Business
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36.

Hedging, Contract Enforceability and Competition

Downloads 376 (155,050)
Citation 1

Hedging, Contract Enforceability and Competition

Tuck School of Business Working Paper No. 3802342
Number of pages: 121 Posted: 16 Mar 2021 Last Revised: 14 Dec 2023
Erasmo Giambona, Anil Kumar and Gordon M. Phillips
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Aarhus University - School of Business and Social Sciences and Dartmouth College - Tuck School of Business
Downloads 358 (162,344)

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Competition, risk management, hedging, financial stability, policy sales (life insurance and annuities), policy prices, market share, market leadership, derivatives superpriority

Hedging and Competition

NBER Working Paper No. w29207
Number of pages: 79 Posted: 06 Sep 2021 Last Revised: 22 Apr 2023
Erasmo Giambona, Anil Kumar and Gordon M. Phillips
Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Aarhus University - School of Business and Social Sciences and Dartmouth College - Tuck School of Business
Downloads 18 (1,042,024)

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37.

Do Public Firms Respond to Industry Opportunities More than Private Firms? The Impact of Initial Firm Quality

Downloads 346 (168,742)
Citation 7

Do Public Firms Respond to Industry Opportunities More than Private Firms? The Impact of Initial Firm Quality

Tuck School of Business Working Paper No. 3093125
Number of pages: 55 Posted: 27 Dec 2017 Last Revised: 18 Mar 2019
Vojislav Maksimovic, Gordon M. Phillips and Liu Yang
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and University of Maryland, Robert H. Smith School of Business
Downloads 247 (237,828)

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IPOs, Public Firms, Private Firms, Myopia

Do Public Firms Respond to Industry Opportunities More than Private Firms? The Impact of Initial Firm Quality

NBER Working Paper No. w25634
Number of pages: 56 Posted: 12 Mar 2019 Last Revised: 17 Jul 2023
Vojislav Maksimovic, Gordon M. Phillips and Liu Yang
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and University of Maryland, Robert H. Smith School of Business
Downloads 50 (756,397)

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Do Public Firms Respond to Investment Opportunities More than Private Firms? The Impact of Initial Firm Quality

NBER Working Paper No. w24104
Number of pages: 50 Posted: 12 Dec 2017 Last Revised: 13 May 2023
Vojislav Maksimovic, Gordon M. Phillips and Liu Yang
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and University of Maryland, Robert H. Smith School of Business
Downloads 49 (763,042)
Citation 2

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38.

Firm-Specific Resources, Financial-Market Development and the Growth of U.S. Multinationals

Downloads 345 (169,262)

Firm-Specific Resources, Financial-Market Development and the Growth of U.S. Multinationals

Number of pages: 50 Posted: 03 Aug 2001
Susan Feinberg and Gordon M. Phillips
affiliation not provided to SSRN and Dartmouth College - Tuck School of Business
Downloads 306 (191,009)

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Multinational Corporations, Financial Market Development, Capital Markets, Investment, Growth, Exchange Rates, International Trade

Firm-Specific Resources, Financial-Market Development and the Growth of U.S. Multinationals

NBER Working Paper No. w9252
Number of pages: 48 Posted: 04 Oct 2002 Last Revised: 14 Oct 2022
Susan Feinberg and Gordon M. Phillips
affiliation not provided to SSRN and Dartmouth College - Tuck School of Business
Downloads 39 (837,042)

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39.

The Impact of Cloud Computing and AI on Industry Dynamics and Concentration

Number of pages: 84 Posted: 26 Jun 2023 Last Revised: 01 Aug 2024
Yao Lu, Gordon M. Phillips and Jia Yang
Tsinghua University, Dartmouth College - Tuck School of Business and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 308 (191,050)
Citation 4

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Cloud computing, artificial intelligence, AI, industry dynamics, concentration, equity financing JEL Codes: L11

40.

Education and Innovation: The Long Shadow of the Cultural Revolution

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Citation 1

Education and Innovation: The Long Shadow of the Cultural Revolution

Tuck School of Business Working Paper No. 3560399
Number of pages: 47 Posted: 20 Apr 2020 Last Revised: 17 Aug 2020
Zhangkai Huang, Gordon M. Phillips, Yang Jialun and Cherry Yi Zhang
Tsinghua University - School of Economics & Management, Dartmouth College - Tuck School of Business, Tsinghua University - School of Economics & Management and Nottingham University Business School China
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Innovation, Education, Cultural Revolution, China, R&D

Education and Innovation: The Long Shadow of the Cultural Revolution

NBER Working Paper No. w27107
Number of pages: 48 Posted: 12 May 2020 Last Revised: 25 Jan 2023
Zhangkai Huang, Gordon M. Phillips, Yang Jialun and Cherry Yi Zhang
Tsinghua University - School of Economics & Management, Dartmouth College - Tuck School of Business, Tsinghua University - School of Economics & Management and Nottingham University Business School China
Downloads 34 (879,356)
Citation 2

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41.

R&D and the Market for Acquisitions

Swiss Finance Institute Research Paper No. 11-22
Number of pages: 63 Posted: 31 May 2011
Gordon M. Phillips and Alexei Zhdanov
Dartmouth College - Tuck School of Business and Pennsylvania State University
Downloads 250 (236,251)
Citation 2

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Acquisitions, Research and Developement, Innovation, Competition

42.

Text-Based Network Industries and Endogenous Product Differentiation

NBER Working Paper No. w15991
Number of pages: 51 Posted: 17 May 2010 Last Revised: 13 Mar 2022
Gordon M. Phillips and Gerard Hoberg
Dartmouth College - Tuck School of Business and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 236 (249,940)
Citation 73

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43.

Small Firm Financing Frictions: How Salient are they and what are their Real Effects? Review and Perspectives for New Research

Tuck School of Business Working Paper No. 4052767
Number of pages: 39 Posted: 14 Mar 2022
Ramana Nanda and Gordon M. Phillips
Imperial College Business School and Dartmouth College - Tuck School of Business
Downloads 227 (259,568)
Citation 1

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Small firms, external financing, bank debt, receivables, credit cards, venture capital, financial constraints

44.

Financing and New Product Decisions of Private and Publicly Traded Firms

Downloads 193 (301,505)
Citation 22

Financing and New Product Decisions of Private and Publicly Traded Firms

Forthcoming, Review of Financial Studies
Number of pages: 69 Posted: 08 Jul 2014 Last Revised: 04 Oct 2016
Gordon M. Phillips and Giorgo Sertsios
Dartmouth College - Tuck School of Business and Universidad de los Andes, Chile
Downloads 167 (342,673)
Citation 24

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Public vs Private, Financing, Product Introductions, Quasi-Natural Experiment

Financing Decisions and Product Introductions of Private and Publicly Traded Firms

NBER Working Paper No. w20578
Number of pages: 53 Posted: 15 Oct 2014 Last Revised: 25 Mar 2023
Gordon M. Phillips and Giorgo Sertsios
Dartmouth College - Tuck School of Business and Universidad de los Andes, Chile
Downloads 26 (954,707)

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45.

Are Public Firms Really Myopic? Evidence from Matching IPO Firms at Birth

Tuck School of Business Working Paper No. 3554768
Number of pages: 58 Posted: 09 Apr 2020
Vojislav Maksimovic, Gordon M. Phillips and Liu Yang
University of Maryland - Robert H. Smith School of Business, Dartmouth College - Tuck School of Business and University of Maryland, Robert H. Smith School of Business
Downloads 169 (339,422)
Citation 4

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Private and Public Firm Growth, IPOs, Birth, Myopia

46.

The Impact of Consumer Credit Access on Self-Employment and Entrepreneurship

Tuck School of Business Working Paper No. 3305920
Number of pages: 93 Posted: 07 Jan 2019 Last Revised: 19 Feb 2021
Kyle Herkenhoff, Gordon M. Phillips and Ethan Cohen-Cole
University of Minnesota - Minneapolis, Dartmouth College - Tuck School of Business and Econ One Research
Downloads 136 (405,319)
Citation 2

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Consumer Credit, Entrepreneurship, Small Firm Ownership, Personal Bankruptcy

47.

New Technology Sectoral Disruptions

USC Marshall School of Business Research Paper Sponsored by iORB, Tuck School of Business Working Paper
Number of pages: 68 Posted: 17 Jun 2024
Tolga Caskurlu, Gerard Hoberg and Gordon M. Phillips
University of Amsterdam Business School, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 110 (476,234)

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Patents, sectoral disruptions, innovation, R&D, insider trading, analyst forecasts

48.

Product Market Synergies and Competition in Mergers and Acquisitions: A Text-Based Analysis

NBER Working Paper No. w14289
Number of pages: 56 Posted: 01 Sep 2008 Last Revised: 18 Jul 2022
Gerard Hoberg and Gordon M. Phillips
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Dartmouth College - Tuck School of Business
Downloads 108 (482,519)
Citation 405

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49.

How Credit Constraints Impact Job Finding Rates, Sorting & Aggregate Output

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Citation 4

How Credit Constraints Impact Job Finding Rates, Sorting & Aggregate Output

US Census Bureau Center for Economic Studies Paper No. CES-WP-16-25
Number of pages: 80 Posted: 21 May 2016
Kyle Herkenhoff, Gordon M. Phillips and Ethan Cohen-Cole
University of Minnesota - Minneapolis, Dartmouth College - Tuck School of Business and Econ One Research
Downloads 47 (776,811)

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How Credit Constraints Impact Job Finding Rates, Sorting & Aggregate Output

NBER Working Paper No. w22274
Number of pages: 47 Posted: 24 May 2016 Last Revised: 13 May 2023
Kyle Herkenhoff, Gordon M. Phillips and Ethan Cohen-Cole
University of Minnesota - Minneapolis, Dartmouth College - Tuck School of Business and Econ One Research
Downloads 25 (964,913)
Citation 2

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50.

Production and Learning in Teams

NBER Working Paper No. w25179
Number of pages: 66 Posted: 22 Oct 2018 Last Revised: 20 Apr 2023
Kyle Herkenhoff, Jeremy Lise, Guido Menzio and Gordon M. Phillips
University of Minnesota - Minneapolis, University College London, University of Pennsylvania - Department of Economics and Dartmouth College - Tuck School of Business
Downloads 58 (697,684)
Citation 5

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51.

The Impact of Consumer Credit Access on Employment, Earnings and Entrepreneurship

NBER Working Paper No. w22846
Number of pages: 51 Posted: 21 Nov 2016 Last Revised: 29 Aug 2022
Kyle Herkenhoff, Gordon M. Phillips and Ethan Cohen-Cole
University of Minnesota - Minneapolis, Dartmouth College - Tuck School of Business and Econ One Research
Downloads 45 (772,303)
Citation 1

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52.

Intergenerational Mobility and Credit

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Intergenerational Mobility and Credit

NBER Working Paper No. w32031
Number of pages: 75 Posted: 16 Jan 2024
J. Carter Braxton, Nisha Chikhale, Kyle Herkenhoff and Gordon M. Phillips
University of Wisconsin - Parkside - University of Wisconsin, University of Wisconsin - Parkside - University of Wisconsin, University of Minnesota - Minneapolis and Dartmouth College - Tuck School of Business
Downloads 10 (1,135,960)
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53.

Can the Unemployed Borrow? Implications for Public Insurance

NBER Working Paper No. w27026
Number of pages: 78 Posted: 20 Apr 2020 Last Revised: 07 May 2023
J. Carter Braxton, Kyle Herkenhoff and Gordon M. Phillips
University of Wisconsin - Madison - Univeristy of Wisconsin-Madison, University of Minnesota - Minneapolis and Dartmouth College - Tuck School of Business
Downloads 22 (966,340)
Citation 3

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54.

The Impact of Cloud Computing and Ai on Industry Dynamics and Concentration

NBER Working Paper No. w32811
Number of pages: 85 Posted: 13 Aug 2024
Yao Lu, Gordon M. Phillips and Jia Yang
University of Michigan, Stephen M. Ross School of Business, Dartmouth College - Tuck School of Business and Tsinghua University - Tsinghua University School of Economics and Management
Downloads 5 (1,150,951)
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55.

Do Conglomerate Firms Allocate Resources Inefficiently Across Industries? Theory and Evidence

The Journal of Finance, Vol. 57, pp. 721-767, 2002
Posted: 25 Apr 2002
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

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56.

Capital Structure and Product Market Rivalry: How Do We Reconcile Theory and Evidence?

Posted: 03 Aug 1999
Dan Kovenock and Gordon M. Phillips
Chapman University - Economic Science Institute and Dartmouth College - Tuck School of Business

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57.

Capital Structure and Product Market Behavior: An Examination of Plant Exit and Investment Decisions

Center for Economic Studies Working Paper at University of Munich, Number 89
Posted: 05 Jul 1998
Dan Kovenock and Gordon M. Phillips
Chapman University - Economic Science Institute and Dartmouth College - Tuck School of Business

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58.

Efficiency of Bankrupt Firms and Industry Conditions: Theory and Evidence

Posted: 26 Aug 1996
Vojislav Maksimovic and Gordon M. Phillips
University of Maryland - Robert H. Smith School of Business and Dartmouth College - Tuck School of Business

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