Common Institutional Ownership and Product Market Threats

The authors thank Victoria Ivashina and Gustavo Manso (department editors), an anonymous associate editor, and two anonymous referees for their detailed and insightful comments and suggestions. The authors also thank Ling Cen (discussant), Mark Chen, Luke DeVault, Gerard Hoberg, Dalida Kadyrzhanova, Tomas Jandik, Pedro Matos, Josh Pierce, Shawn Thomas, Jason Turkiela, Nik Varaiya, Yaoyi Xi, Morad Zekhnini, and Bela Zykaj as well as seminar participants at the China International Conference in Finance 2019 in Guangzhou, Cal Poly Pomona, State University of New York Geneseo, and Tulane University for their helpful comments. The authors thank Gerard Hoberg for providing data on product descriptions taken from firms’ 10-K reports. All remaining errors are their own.