firm roles are predetermined, illustrating the importance of fostering dynamic competition. In extensions we show that …

further unveils product market competition as a channel through which buy orders increase manipulation profits, providing new …

This paper investigates how competition and firm size affect the relationship between market uncertainty and Ramp …

We study how risk management through hedging impacts firms and competition among firms in the life insurance industry … hedging. Post reform impacted firms have lower risk and fewer negative income shocks. Product market competition is also …

What is the interaction between competition, R&D investments, and the financing choices of R&D-intensive firms …? Motivated by existing theories, we hypothesize that as competition increases, R&D-intensive firms will: (1) increase R … industries, as well as heterogeneity within the biopharma industry, in response to an exogenous change in competition. We also …

costs, but competition helps to erode innovators' informational rents. Consequently, competition leads to faster innovation … becomes first-best. When we introduce private benefits for winning the competition, innovators have an incentive to understate …

competition, faster growth, greater correlation in fundamentals, and higher capital intensity within the peer group all increase …