Organizational Form and Trade Liberalization: Plant-Level Evidence
Published Online:24 Feb 2021https://doi.org/10.1287/mnsc.2020.3830
References
- (2007) Econometric tools for analyzing market outcomes, Ch. 63. Heckman J, Leamer E, eds. Handbook of Econometrics, vol. 6A (North-Holland, Amsterdam).Google Scholar
- (2006) Leverage and investment in diversified firms. J. Financial Econom. 79(2):317–337.Crossref, Google Scholar
- (2015) Internal capital markets in business groups: Evidence from the Asian financial crisis. J. Finance 70(6):2539–2586.Crossref, Google Scholar
- (2019) How wide is the firm border? Quart. J. Econom. 134(4):1845–1882.Crossref, Google Scholar
- (2006) Reputational Risk: A Question of Trust (Lesson Professional Publishing, London), 5–6.Google Scholar
- (2018) The impact of bank credit on labor reallocation and aggregate industry productivity. J. Finance 73(6):2787–2836.Crossref, Google Scholar
- (2008) Econometric Analysis of Panel Data, 3rd ed. (John Wiley & Sons, New York).Google Scholar
- (1995) Diversification’s effect on firm value. J. Financial Econom. 37(1):39–65.Crossref, Google Scholar
- (1995) Exporters, jobs, and wages in US manufacturing: 1976–1987. Brookings Papers on Economic Activity. Microeconomics, 67–112.Google Scholar
- (2007) Firms in international trade. J. Econom. Perspect. 21(3):105–130.Crossref, Google Scholar
- (2016) The impact of venture capital monitoring. J. Finance 71(4):1591–1622.Crossref, Google Scholar
- (2003) Enjoying the quiet life? Corporate governance and managerial preferences. J. Political Econom. 111(5):1043–1075.Crossref, Google Scholar
- (2002) Explaining the diversification discount. J. Finance 57(4):1731–1762.Crossref, Google Scholar
- (2007) Spin-offs, divestitures, and conglomerate investment. Rev. Financial Stud. 20(3):557–595.Crossref, Google Scholar
- (2014) Private equity, jobs, and productivity. Amer. Econom. Rev. 104(12):3956–3990.Crossref, Google Scholar
- (1999) Internal capital markets, growth opportunities, and the valuation effects of corporate diversification. Unpublished working paper, Purdue University, West Lafayette, IN.Google Scholar
- (1997) Agency problems, equity ownership, and corporate diversification. J. Finance 52(1):135–160.Crossref, Google Scholar
- (1979) A model of duopoly suggesting a theory of entry barriers. Bell J. Econom. 10(1):20–32.Crossref, Google Scholar
- (2010) Cash holdings and corporate diversification. J. Finance 65(3):955–992.Crossref, Google Scholar
- (1996) U.S. imports, 1972–1994: Data and concordances. NBER Working Paper No. W5515, National Bureau of Economic Research, Cambridge, MA.Google Scholar
- (2002) U.S. imports, exports, and tariff data: 1989 – 2001. NBER Working Paper No. 9387, National Bureau of Economic Research, Cambridge, MA.Google Scholar
- (2000) Who’s tops in corporate reputation? Corporate Reputation Rev. 3:13–17.Crossref, Google Scholar
- (2001) Aggregate Productivity Growth: Lessons from Microeconomic Evidence, New Directions in Productivity Analysis (University of Chicago Press, Chicago).Crossref, Google Scholar
- (2008) Reallocation, firm turnover, and efficiency: Selection on productivity or profitability. Amer. Econom. Rev. 98(1):394–425.Crossref, Google Scholar
- (2016) Firm-level dispersion in productivity: Is the devil in the details? Amer. Econom. Rev. 106(5):95–98.Crossref, Google Scholar
- (2010) Financial strength and product market behavior: The real effects of corporate cash holdings. J. Finance 65(3):1097–1122.Crossref, Google Scholar
- (2016) How does corporate investment respond to increased entry threat? Rev. Corporate Finance Stud. 5(1):1–35.Crossref, Google Scholar
- (1984) The fat-cat effect, the puppy-dog ploy, and the lean and hungry look. Amer. Econom. Rev. 74(2):361–366.Google Scholar
- (2013) Proximity and investment: Evidence from plant-level data. Quart. J. Econom. 128(2):861–915.Crossref, Google Scholar
- (2015) Capital and labor reallocation inside firms. J. Finance 70(4):1767–1804.Crossref, Google Scholar
- (2011) Conglomerates and industry distress. Rev. Financial Stud. 24(11):3642–3687.Crossref, Google Scholar
- (2014) Common errors: How to (and not to) control for unobserved heterogeneity. Rev. Financial Stud. 27(2):617–661.Crossref, Google Scholar
- (1791) Report on manufactures. McKee S, ed. Papers on Public Credit, Commerce, and Finance by Alexander Hamilton (Columbia University Press, New York).Google Scholar
- (2013) Corporate diversification and the cost of capital. J. Finance 68(5):1961–1999.Crossref, Google Scholar
- (2001) The bright side of internal capital markets. J. Finance 56(4):1489–1528.Crossref, Google Scholar
- (2015) Does diversification create value in the presence of external financing constraints? Evidence from the 2007–2009 financial crisis. Management Sci. 62(4):905–923.Link, Google Scholar
- (1997) Cash flow and investment: Evidence from internal capital markets. J. Finance 52(1):83–109.Crossref, Google Scholar
- (2000) The incidental parameter problem since 1948. J. Econometrics 95:391–413.Crossref, Google Scholar
- (1994) Tobin’s q, corporate diversification, and firm performance. J. Political Econom. 102(6):1248–1280.Crossref, Google Scholar
- (1995) International trade theory: The evidence. Grossman GM, Rogoff, K, eds. Handbook of International Economics, vol. 3 (North-Holland, Amsterdam), 1339–1394.Google Scholar
- (1996) Rent seeking, protectionism and innovation in the American steel industry. Econom. J. (London) 106(435):410–421.Google Scholar
- (2003) Estimating production functions using inputs to control for unobservables. Rev. Econom. Stud. 70(2):317–341.Crossref, Google Scholar
- (2013) Productivity, restructuring, and the gains from takeovers. J. Financial Econom. 109(1):250–271.Crossref, Google Scholar
- (2001) The market for corporate assets: Who engages in mergers and asset sales and are there gains? J. Finance 56(6):2019–2065.Crossref, Google Scholar
- (2002) Do conglomerate firms allocate resources inefficiently across industries? Theory and evidence. J. Finance 57(2):721–767.Crossref, Google Scholar
- (2008) The industry life-cycle, acquisitions and investment: Does firm organization matter? J. Finance 63(2):673–707.Crossref, Google Scholar
- (2013) Conglomerate firms, internal capital markets, and the theory of the firm. Annual Rev. Financial Econom. 5:225–244.Crossref, Google Scholar
- (2011) Post-merger restructuring and the boundaries of the firm. J. Financial Econom. 102(2):317–343.Crossref, Google Scholar
- (2001) Corporate diversification, value maximization and organizational capabilities. J. Bus. 74(3):409–431.Crossref, Google Scholar
- (2002) Internal capital markets and corporate refocusing. J. Financial Intermediation 11(2):176–211.Crossref, Google Scholar
- (1996) The dynamics of productivity in the telecommunications equipment industry. Econometrica 64(6):1263–1297.Crossref, Google Scholar
- (2000) The cost of diversity: The diversification discount and inefficient investment. J. Finance 55(1):35–80.Crossref, Google Scholar
- (2002) The dark side of internal capital markets: Divisional rent-seeking and inefficient investment. J. Finance 55(6):2537–2564.Crossref, Google Scholar
- (2002) Effects of corporate diversification on productivity. J. Finance 57(6):2379–2403.Crossref, Google Scholar
- (2010) U.S. manufacturing exports and imports by SIC or NAICS category and partner country, 1972–2005. Working paper, Yale University, New Haven, CT.Google Scholar
- (2014) Firm boundaries matter: Evidence from conglomerates and R&D activity. J. Financial Econom. 111(2):381–405.Crossref, Google Scholar
- (1998) Are internal capital markets efficient? Quart. J. Econom. 113(2):531–552.Crossref, Google Scholar
- (1977) Entry, capacity, investment and oligopolistic pricing. Bell J. Econom. 8(2):534–544.Crossref, Google Scholar
- (1997) Internal capital markets and the competition for corporate resources. J. Finance 52(1):111–133.Crossref, Google Scholar
- (2015) The bright side of corporate diversification: Evidence from internal labor markets. Rev. Financial Stud. 28(8):2203–2249.Crossref, Google Scholar
- (2004) The long and short of the Canada-U.S. free trade agreement. Amer. Econom. Rev. 94(4):870–895.Crossref, Google Scholar
- (2002) Plant- and firm-level evidence on “new” trade theories. Harrigan J, ed. Handbook of International Trade (Blackwell, Basel, Germany), 388–415.Google Scholar
- (2004) Diversification discount or premium? New evidence from the business information tracking series. J. Finance 59(2):479–506.Crossref, Google Scholar
- (2008) Trade liberalization and growth: New evidence. World Bank Econom. Rev. 22(2):187–231.Crossref, Google Scholar
- (2001) Is it inefficient investment that causes the diversification discount? J. Finance 56(5):1667–1691.Crossref, Google Scholar
- (1975) Markets and Hierarchies: Analysis and Antitrust Implications (Collier Macmillan Publishers, Inc., New York).Google Scholar

