Advances in Pacific basin business, economics and finance

4.3. Institutional Trades around RPT Announcements5. Summary and Conclusion; Acknowledgment; Notes; References; Product Market Threat and Corporate Investment; Abstract; 1. Introduction; 2. Literature Review and Hypothesis Development; 3. Empirical Design; 3.1. Regression Framework; 3.2. Variable Construction; 4. Sample and Summary Statistics; 5. Empirical Results; 5.1. Product Market Threat and Future Investment: Baseline Regression Analysis; 5.1.1. Robustness Analysis: Alternative Measures of Investment; 5.1.2. Robustness Analysis: Alternative Measures of Product Market Threat