{"id":"https://openalex.org/W1983237694","doi":"https://doi.org/10.1016/j.rdf.2011.03.005","title":"Product market competition and corporate governance","display_name":"Product market competition and corporate governance","publication_year":2011,"publication_date":"2011-04-01","ids":{"openalex":"https://openalex.org/W1983237694","doi":"https://doi.org/10.1016/j.rdf.2011.03.005","mag":"1983237694"},"language":"en","primary_location":{"id":"doi:10.1016/j.rdf.2011.03.005","doi":"https://doi.org/10.1016/j.rdf.2011.03.005","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.rdf.2011.03.005","pdf_url":"https://www.sciencedirect.com/science/article/pii/S1879933711000066/pdf","source":{"id":"https://openalex.org/S2898448967","display_name":"Review of Development Finance","issn_l":"1879-9337","issn":["1879-9337"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Development Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://www.sciencedirect.com/science/article/pii/S1879933711000066/pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5063653769","display_name":"Julia Chou","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I19700959","display_name":"Florida International University","ror":"https://ror.org/02gz6gg07","country_code":"US","type":"education","lineage":["https://openalex.org/I19700959"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Julia Chou","raw_affiliation_strings":["College of Business Administration, Florida International University, Miami, FL 33199, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Business Administration, Florida International University, Miami, FL 33199, United States","institution_ids":["https://openalex.org/I19700959"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5011514079","display_name":"Lilian Ng","orcid":"https://orcid.org/0000-0001-8178-2718","observed_orcids":["https://orcid.org/0000-0001-8178-2718"]},"institutions":[{"id":"https://openalex.org/I43579087","display_name":"University of Wisconsin\u2013Milwaukee","ror":"https://ror.org/031q21x57","country_code":"US","type":"education","lineage":["https://openalex.org/I43579087"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Lilian Ng","raw_affiliation_strings":["Sheldon B. Lubar School of Business, University of Wisconsin-Milwaukee, Milwaukee, WI 53201, United States","Sheldon B. Lubar School of Business, University of Wisconsin-Milwaukee, Milwaukee, WI 53201, United States#TAB#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Sheldon B. Lubar School of Business, University of Wisconsin-Milwaukee, Milwaukee, WI 53201, United States","institution_ids":["https://openalex.org/I43579087"]},{"raw_affiliation_string":"Sheldon B. Lubar School of Business, University of Wisconsin-Milwaukee, Milwaukee, WI 53201, United States#TAB#","institution_ids":["https://openalex.org/I43579087"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5063270537","display_name":"Valeriy Sibilkov","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I43579087","display_name":"University of Wisconsin\u2013Milwaukee","ror":"https://ror.org/031q21x57","country_code":"US","type":"education","lineage":["https://openalex.org/I43579087"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Valeriy Sibilkov","raw_affiliation_strings":["Sheldon B. Lubar School of Business, University of Wisconsin-Milwaukee, Milwaukee, WI 53201, United States","Sheldon B. Lubar School of Business, University of Wisconsin-Milwaukee, Milwaukee, WI 53201, United States#TAB#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Sheldon B. Lubar School of Business, University of Wisconsin-Milwaukee, Milwaukee, WI 53201, United States","institution_ids":["https://openalex.org/I43579087"]},{"raw_affiliation_string":"Sheldon B. Lubar School of Business, University of Wisconsin-Milwaukee, Milwaukee, WI 53201, United States#TAB#","institution_ids":["https://openalex.org/I43579087"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5048871645","display_name":"Qinghai Wang","orcid":"https://orcid.org/0000-0001-8475-3293","observed_orcids":["https://orcid.org/0000-0001-8475-3293","https://orcid.org/0000-0001-7952-7101"]},"institutions":[{"id":"https://openalex.org/I130701444","display_name":"Georgia Institute of Technology","ror":"https://ror.org/01zkghx44","country_code":"US","type":"education","lineage":["https://openalex.org/I130701444"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Qinghai Wang","raw_affiliation_strings":["College of Management at Georgia Institute of Technology, Atlanta, GA 30308, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Management at Georgia Institute of Technology, Atlanta, GA 30308, United States","institution_ids":["https://openalex.org/I130701444"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5063653769"],"corresponding_institution_ids":["https://openalex.org/I19700959"],"apc_list":null,"apc_paid":null,"fwci":12.485,"has_fulltext":true,"cited_by_count":113,"citation_normalized_percentile":{"value":0.9799761,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":94,"max":100},"biblio":{"volume":"1","issue":"2","first_page":"114","last_page":"130"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/product-market-competition","display_name":"product market competition","score":1.0},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.9810000061988831},{"id":"https://openalex.org/keywords/market-power","display_name":"market power","score":0.6819999814033508},{"id":"https://openalex.org/keywords/managerial-discipline","display_name":"managerial discipline","score":0.5929999947547913},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.7670000195503235},{"id":"https://openalex.org/keywords/governance-quality","display_name":"governance quality","score":0.6439999938011169}],"concepts":[{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.864702582359314},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.7468736171722412},{"id":"https://openalex.org/C123336316","wikidata":"https://www.wikidata.org/wiki/Q7247776","display_name":"Product market","level":3,"score":0.6498121619224548},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6263471841812134},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.5618875026702881},{"id":"https://openalex.org/C90673727","wikidata":"https://www.wikidata.org/wiki/Q901718","display_name":"Product (mathematics)","level":2,"score":0.5179604291915894},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.49569976329803467},{"id":"https://openalex.org/C2775881736","wikidata":"https://www.wikidata.org/wiki/Q1274157","display_name":"Market power","level":3,"score":0.42959925532341003},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.34323081374168396},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.2781254053115845},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0634719729423523},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.05425110459327698},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C2781127519","wikidata":"https://www.wikidata.org/wiki/Q43637","display_name":"Monopoly","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1016/j.rdf.2011.03.005","doi":"https://doi.org/10.1016/j.rdf.2011.03.005","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.rdf.2011.03.005","pdf_url":"https://www.sciencedirect.com/science/article/pii/S1879933711000066/pdf","source":{"id":"https://openalex.org/S2898448967","display_name":"Review of Development Finance","issn_l":"1879-9337","issn":["1879-9337"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Development Finance","raw_type":"journal-article"},{"id":"pmh:oai:digitalcommons.fiu.edu:1867","doi":null,"is_oa":false,"landing_page_url":"http://digitalscholarship.fiu.edu/record/1867","pdf_url":null,"source":{"id":"https://openalex.org/S4306401637","display_name":"Florida International University Digital Commons (Florida International University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I19700959","host_organization_name":"Florida International University","host_organization_lineage":["https://openalex.org/I19700959"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://digitalscholarship.fiu.edu/record/1867","raw_type":"Text"},{"id":"pmh:oai:digitalcommons.fiu.edu:business_fac-1004","doi":null,"is_oa":true,"landing_page_url":"https://digitalcommons.fiu.edu/business_fac/5","pdf_url":null,"source":{"id":"https://openalex.org/S4306401637","display_name":"Florida International University Digital Commons (Florida International University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I19700959","host_organization_name":"Florida International University","host_organization_lineage":["https://openalex.org/I19700959"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"College of Business Faculty Publications","raw_type":"text"}],"best_oa_location":{"id":"doi:10.1016/j.rdf.2011.03.005","doi":"https://doi.org/10.1016/j.rdf.2011.03.005","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.rdf.2011.03.005","pdf_url":"https://www.sciencedirect.com/science/article/pii/S1879933711000066/pdf","source":{"id":"https://openalex.org/S2898448967","display_name":"Review of Development Finance","issn_l":"1879-9337","issn":["1879-9337"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Review of Development Finance","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","score":0.6601999998092651,"display_name":"Peace, justice, and strong institutions"}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1983237694.pdf","grobid_xml":"https://content.openalex.org/works/W1983237694.grobid-xml"},"referenced_works_count":31,"referenced_works":["https://openalex.org/W612971368","https://openalex.org/W1482948273","https://openalex.org/W1547944138","https://openalex.org/W1552204598","https://openalex.org/W1587597528","https://openalex.org/W1918706071","https://openalex.org/W1964583002","https://openalex.org/W1977952640","https://openalex.org/W1984428966","https://openalex.org/W2014416489","https://openalex.org/W2016793697","https://openalex.org/W2059052126","https://openalex.org/W2071419362","https://openalex.org/W2101242833","https://openalex.org/W2107118623","https://openalex.org/W2108548811","https://openalex.org/W2110821787","https://openalex.org/W2111465968","https://openalex.org/W2125720994","https://openalex.org/W2134142947","https://openalex.org/W2162448899","https://openalex.org/W2163759112","https://openalex.org/W2166373223","https://openalex.org/W3121220918","https://openalex.org/W3121693921","https://openalex.org/W3123730452","https://openalex.org/W3125275292","https://openalex.org/W4233420185","https://openalex.org/W4251380393","https://openalex.org/W4251781751","https://openalex.org/W4296154161"],"related_works":["https://openalex.org/W1952302148","https://openalex.org/W1540701927","https://openalex.org/W3003181581","https://openalex.org/W1954277164","https://openalex.org/W2378874926","https://openalex.org/W3093930050","https://openalex.org/W7137510961","https://openalex.org/W7098350450","https://openalex.org/W2274158473","https://openalex.org/W606756107"],"abstract_inverted_index":{"This":[0],"paper":[1],"investigates":[2],"whether":[3,17],"product":[4,86,96],"market":[5,44,87,97],"competition":[6,26,58,88,98,123],"acts":[7],"as":[8],"an":[9],"external":[10],"mechanism":[11],"for":[12,68,110],"disciplining":[13],"management":[14,125],"and":[15,30,62,106],"also":[16],"there":[18],"is":[19,89,126],"any":[20],"relationship":[21],"between":[22],"the":[23,119,128],"degree":[24],"of":[25,122,130],"a":[27,79,100],"firm":[28,61],"faces":[29],"its":[31],"corporate":[32,50,75,104,111],"governance.":[33],"We":[34,71],"find":[35,73],"that":[36,74,95,107,118],"firms":[37],"in":[38],"competitive":[39],"industries":[40],"or":[41],"with":[42],"low":[43],"power":[45],"tend":[46],"to":[47,56],"have":[48],"weak":[49],"governance":[51,76,105,112],"structures.":[52],"Results":[53],"are":[54],"robust":[55],"various":[57],"measures":[59],"at":[60],"industry":[63],"levels,":[64],"even":[65],"after":[66],"controlling":[67],"firm-specific":[69],"variables.":[70],"further":[72],"quality":[77],"has":[78,99],"significant":[80],"effect":[81],"on":[82,103,124],"performance":[83],"only":[84],"when":[85],"weak.":[90],"The":[91],"overall":[92],"evidence":[93,117],"suggests":[94],"substantial":[101],"impact":[102],"it":[108],"substitutes":[109],"quality.":[113],"Finally,":[114],"we":[115],"provide":[116],"disciplinary":[120],"force":[121],"from":[127],"fear":[129],"liquidation.":[131]},"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":13},{"year":2023,"cited_by_count":16},{"year":2022,"cited_by_count":13},{"year":2021,"cited_by_count":6},{"year":2020,"cited_by_count":12},{"year":2019,"cited_by_count":10},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":5},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":8},{"year":2014,"cited_by_count":7},{"year":2013,"cited_by_count":2},{"year":2012,"cited_by_count":2}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}