of product market competition, an external corporate governance mechanism. The sample includes firms in six of the world … shareholders, which is consistent with the notion that dividends and competition are substitutes. We also determine that the … negative relationship between dividends and competition is attenuated by the passage of the Sarbanes-Oxley Act (SOX) and is …

This paper examines the impact of product market competition and corporate governance on the cost of debt financing and … competition plays a crucial role in explaining the way a firm's anti-takeover protection affects the cost of debt and the use of …

We study the equilibrium effects of the "S" dimension of ESG under imperfect competition in labor or product markets … adopting firms and many stakeholders. Under shareholder primacy, competition in ESG policies generally reduces shareholder … value, while coordination on policies raises new anti-trust concerns. Under stakeholder capitalism, competition in ESG …

discrimination lawsuit filing. However, we find no evidence that discrimination rates are related to product market competition …

This paper investigates whether the valuation effect of corporate governance depends on the degree of competition in … product market competition and corporate governance. Consistent with the hypothesis that product market competition acts as a … are robust to a large number of robustness checks including the use of alternative measures of competition and governance …

, and shareholders). Jointly estimating effects, we confirm that bank branch deregulation benefits industries highly …

competition and internal governance mechanisms. Consistent with notion that competition plays an important role in aligning …, our results indicate that corporate governance is more important when firms face less product market competition …