{"id":"https://openalex.org/W3044947137","doi":"https://doi.org/10.1111/jfir.12220","title":"CORPORATE BONDS AND PRODUCT MARKET COMPETITION","display_name":"CORPORATE BONDS AND PRODUCT MARKET COMPETITION","publication_year":2020,"publication_date":"2020-07-13","ids":{"openalex":"https://openalex.org/W3044947137","doi":"https://doi.org/10.1111/jfir.12220","mag":"3044947137"},"language":"en","primary_location":{"id":"doi:10.1111/jfir.12220","doi":"https://doi.org/10.1111/jfir.12220","is_oa":false,"landing_page_url":"https://doi.org/10.1111/jfir.12220","pdf_url":null,"source":{"id":"https://openalex.org/S74917840","display_name":"The Journal of Financial Research","issn_l":"0270-2592","issn":["0270-2592","1475-6803"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Research","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.2490752","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5053077364","display_name":"Katarzyna Platt","orcid":"https://orcid.org/0000-0002-4851-8066","observed_orcids":["https://orcid.org/0000-0002-4851-8066"]},"institutions":[{"id":"https://openalex.org/I138168422","display_name":"SUNY Old Westbury","ror":"https://ror.org/02rrhsz92","country_code":"US","type":"education","lineage":["https://openalex.org/I138168422"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Katarzyna Platt","raw_affiliation_strings":["SUNY College at Old Westbury"],"raw_orcid":"https://orcid.org/0000-0002-4851-8066","affiliations":[{"raw_affiliation_string":"SUNY College at Old Westbury","institution_ids":["https://openalex.org/I138168422"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5053077364"],"corresponding_institution_ids":["https://openalex.org/I138168422"],"apc_list":{"value":3000,"currency":"USD","value_usd":3000},"apc_paid":null,"fwci":1.2941,"has_fulltext":false,"cited_by_count":17,"citation_normalized_percentile":{"value":0.8321687,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"43","issue":"3","first_page":"615","last_page":"647"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"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/T10019","display_name":"Corporate Finance and Governance","score":0.0032999999821186066,"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/T11653","display_name":"Financial Distress and Bankruptcy Prediction","score":0.0003000000142492354,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/corporate-bonds","display_name":"corporate bonds","score":0.9459999799728394},{"id":"https://openalex.org/keywords/product-market-competition","display_name":"product market competition","score":0.8090000152587891},{"id":"https://openalex.org/keywords/credit-spreads","display_name":"credit spreads","score":0.9210000038146973},{"id":"https://openalex.org/keywords/yield-spreads","display_name":"yield spreads","score":0.7039999961853027},{"id":"https://openalex.org/keywords/competitive-threats","display_name":"competitive threats","score":0.7170000076293945},{"id":"https://openalex.org/keywords/cost-of-debt","display_name":"cost of debt","score":0.8009999990463257},{"id":"https://openalex.org/keywords/asset-redeployment","display_name":"asset redeployment","score":0.6169999837875366},{"id":"https://openalex.org/keywords/bond-pricing","display_name":"bond pricing","score":0.5920000076293945}],"concepts":[{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.7181836366653442},{"id":"https://openalex.org/C2780999293","wikidata":"https://www.wikidata.org/wiki/Q6503112","display_name":"Corporate bond","level":3,"score":0.6901018023490906},{"id":"https://openalex.org/C91306197","wikidata":"https://www.wikidata.org/wiki/Q45767","display_name":"Competition (biology)","level":2,"score":0.6873273253440857},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.674115002155304},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.6161121726036072},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.589959979057312},{"id":"https://openalex.org/C197142791","wikidata":"https://www.wikidata.org/wiki/Q540626","display_name":"Bond market","level":2,"score":0.5733277797698975},{"id":"https://openalex.org/C123336316","wikidata":"https://www.wikidata.org/wiki/Q7247776","display_name":"Product market","level":3,"score":0.5658432841300964},{"id":"https://openalex.org/C2993896846","wikidata":"https://www.wikidata.org/wiki/Q6503112","display_name":"Corporate debt","level":3,"score":0.5075300931930542},{"id":"https://openalex.org/C134121241","wikidata":"https://www.wikidata.org/wiki/Q899301","display_name":"Yield (engineering)","level":2,"score":0.454580694437027},{"id":"https://openalex.org/C90673727","wikidata":"https://www.wikidata.org/wiki/Q901718","display_name":"Product (mathematics)","level":2,"score":0.4522184133529663},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3763558268547058},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3289080262184143},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2144649624824524},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.19828617572784424},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C191897082","wikidata":"https://www.wikidata.org/wiki/Q11467","display_name":"Metallurgy","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/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","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/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/jfir.12220","doi":"https://doi.org/10.1111/jfir.12220","is_oa":false,"landing_page_url":"https://doi.org/10.1111/jfir.12220","pdf_url":null,"source":{"id":"https://openalex.org/S74917840","display_name":"The Journal of Financial Research","issn_l":"0270-2592","issn":["0270-2592","1475-6803"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Research","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.2490752","doi":"https://doi.org/10.2139/ssrn.2490752","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2490752","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.2139/ssrn.2490752","doi":"https://doi.org/10.2139/ssrn.2490752","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2490752","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":99,"referenced_works":["https://openalex.org/W15997074","https://openalex.org/W1482743048","https://openalex.org/W1499320874","https://openalex.org/W1547944138","https://openalex.org/W1556924998","https://openalex.org/W1587350794","https://openalex.org/W1833200108","https://openalex.org/W1884805570","https://openalex.org/W1964697146","https://openalex.org/W1965069187","https://openalex.org/W1969341825","https://openalex.org/W1974169858","https://openalex.org/W1974373892","https://openalex.org/W1985018419","https://openalex.org/W1990806181","https://openalex.org/W1997976385","https://openalex.org/W2011777104","https://openalex.org/W2011886674","https://openalex.org/W2019222975","https://openalex.org/W2027227096","https://openalex.org/W2047134779","https://openalex.org/W2053848194","https://openalex.org/W2059052126","https://openalex.org/W2059680737","https://openalex.org/W2073552074","https://openalex.org/W2079079042","https://openalex.org/W2099935220","https://openalex.org/W2102750940","https://openalex.org/W2104795328","https://openalex.org/W2108491286","https://openalex.org/W2110153620","https://openalex.org/W2110821787","https://openalex.org/W2113326322","https://openalex.org/W2114730678","https://openalex.org/W2118889105","https://openalex.org/W2130184814","https://openalex.org/W2137887900","https://openalex.org/W2148421480","https://openalex.org/W2153706302","https://openalex.org/W2153722256","https://openalex.org/W2155797117","https://openalex.org/W2161503792","https://openalex.org/W2162009965","https://openalex.org/W2163759112","https://openalex.org/W2171247542","https://openalex.org/W2260871497","https://openalex.org/W2271674507","https://openalex.org/W2319854370","https://openalex.org/W2339259298","https://openalex.org/W2550845308","https://openalex.org/W2560616205","https://openalex.org/W2605595296","https://openalex.org/W2645835341","https://openalex.org/W2743909835","https://openalex.org/W2752617332","https://openalex.org/W2774930161","https://openalex.org/W2793204434","https://openalex.org/W2800794991","https://openalex.org/W2810094550","https://openalex.org/W2890766821","https://openalex.org/W2891040790","https://openalex.org/W2945437183","https://openalex.org/W2969871141","https://openalex.org/W3021123790","https://openalex.org/W3121179614","https://openalex.org/W3121295570","https://openalex.org/W3121412009","https://openalex.org/W3121569718","https://openalex.org/W3121877964","https://openalex.org/W3121973884","https://openalex.org/W3121983875","https://openalex.org/W3122108330","https://openalex.org/W3122210210","https://openalex.org/W3122403692","https://openalex.org/W3122458556","https://openalex.org/W3122776449","https://openalex.org/W3123095288","https://openalex.org/W3123097597","https://openalex.org/W3123315232","https://openalex.org/W3123484325","https://openalex.org/W3123581748","https://openalex.org/W3123724082","https://openalex.org/W3123724460","https://openalex.org/W3123826726","https://openalex.org/W3123939904","https://openalex.org/W3123945453","https://openalex.org/W3124108878","https://openalex.org/W3124202419","https://openalex.org/W3124226448","https://openalex.org/W3124259699","https://openalex.org/W3124623883","https://openalex.org/W3124925117","https://openalex.org/W3124977889","https://openalex.org/W3125653162","https://openalex.org/W3126036099","https://openalex.org/W3126081465","https://openalex.org/W3126098034","https://openalex.org/W4232175246","https://openalex.org/W4247957970"],"related_works":["https://openalex.org/W2589009167","https://openalex.org/W2997602536","https://openalex.org/W15997074","https://openalex.org/W4414002653","https://openalex.org/W4401305906","https://openalex.org/W4408006699","https://openalex.org/W7095718249","https://openalex.org/W7213312305","https://openalex.org/W4213180098","https://openalex.org/W2749192569"],"abstract_inverted_index":{"Abstract":[0],"I":[1,16],"examine":[2],"the":[3,10],"effect":[4,69],"of":[5,13,30,48,63],"product":[6],"market":[7],"competition":[8,55],"on":[9],"yield":[11],"spread":[12],"corporate":[14,31,95],"bonds.":[15,66],"find":[17],"that":[18,20,46,50,75,78,88],"firms":[19,49,74],"face":[21,26],"more":[22,71],"competitive":[23,89],"threats":[24,90],"also":[25],"a":[27],"higher":[28,58],"cost":[29],"bond":[32],"debt.":[33],"After":[34],"controlling":[35],"for":[36,73],"common":[37],"bond\u2010level,":[38],"firm\u2010level,":[39],"and":[40],"macroeconomic":[41],"variables,":[42],"my":[43,84],"results":[44],"show":[45],"bondholders":[47],"are":[51,79,91],"subject":[52],"to":[53,81],"increased":[54],"demand":[56],"significantly":[57],"credit":[59],"spreads":[60],"than":[61],"holders":[62],"otherwise":[64],"similar":[65],"Furthermore,":[67],"this":[68],"is":[70],"pronounced":[72],"have":[76],"assets":[77],"difficult":[80],"redeploy.":[82],"Overall,":[83],"findings":[85],"provide":[86],"evidence":[87],"being":[92],"reflected":[93],"in":[94],"debt":[96],"prices.":[97]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":4},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2020,"cited_by_count":2},{"year":2015,"cited_by_count":1}],"updated_date":"2026-11-03T10:50:19.383937","created_date":"2020-07-29T00:00:00"}