Cool Product Market Threats Payouts And Financial Flexibility References
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Type=Main> We Examine How Product Market Threats Influence Firm Payout Policy And Cash Holdings.
Hoberg can be reached at ghoberg@rhsmith.umd.edu, phillips can be reached at gordon.phillips@marshall.usc.edu and Our primary measure, product market fluidity, captures changes in rival firms' products relative to the firm's products. High roller tables las vegas vegas casino games, pokerstars casino uk login, slot canyons in the usa, muffler shop casino, jocuri cu ruleta casino gratis, oneida casino christmas eve hours, el dorado gambling, casino near dewey beach delaware product market threats, payouts, and financial flexibility gerard hoberg, gordon phillips and nagpurnanand prabhala, 2014, journal.
For Instance, Managers Of A Firm Facing Competitive Threats May.
We show that fluidity decreases firm propensity to make payouts via dividends or repurchases and increases the cash held by firms, especially for firms with less access to financial markets. These results are consistent with the hypothesis that firms' financial policies are significantly shaped by product market threats and dynamics. We show that fluidity decreases firm propensity to make payouts via dividends or repurchases and also increases the cash held by firms, especially for firms with less access to financial markets.
We Use Three Different Measures Of Product Market Competition:.
Marta szymanowska, frans de roon, theo nijman, rob van den goorbergh. Download fluidity data (customized to each firm, measures intensity of product market change around each firm) We show that fluidity decreases firm propensity to.
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Finance professors gerard hoberg and nagpurnanand prabhala developed a new measure that uses sec descriptions to identify new challengers that impact “product fluidity.” their research, titled “product market threats, payouts, and financial flexibility,” appeared in the february 2014 issue of the journal of finance. Journal of finance, 2014, vol. Inglés texto completo no disponible (saber más.);
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Using firms' product text descriptions, we develop new measures of competitive threats. Product market threats, payouts, and financial flexibility. 69, nº 1, 2014, págs.