The negative effects of common ownership on competition have received significant attention, but many proposed … investors might influence competition. Our model implies a negative effect of common ownership on firms' use of revenue …

This paper analyses the effects of competition between banks with different ownership structures on financial stability …, social welfare, risk-taking incentives and performance. Specifically, we present a model of strategic competition in the … stability, social welfare, and banking competition. We also show that stakeholder banks are less risk-inclined and obtain a …

This paper documents a causal effect of trade-induced competition on the ownership dynamics of firms using the largest …

We study how product market competition affects firms' ownership structures using a large sample of closely-held firms … that the stakes of their outside shareholders are more dispersed. These results are explained by competition increasing the … ownership structure, competition mitigates incentive misalignment among shareholders, leading to better firm performance and …

We explore how trade credit complements cash holdings in product market competition. First, similar to cash to cash … show that both trade credit and cash holdings are strategically valuable in product market competition and their valuations … credit practices and product market competition. We also show that the value of trade credit depends on whether suppliers are …

competition. The analysis is based on a model of market entry and shows that to prevent entry incumbent firms engage in risk … nature of competition in industries …

examine whether banking competition affects the implied cost of equity. We hypothesize that banking competition may result in …, we find that banking competition increases the cost of equity of firms from states with high banking competition. Our … corporate governance, and higher firm risk. Overall, these results shed light on the information disadvantage of competition in …

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