My da|ra Login

Detailed view

metadata language: English

Replication data for: Ownership, Concentration, and Investment

Version
1
Resource Type
Dataset
Creator
  • Gutiérrez, Germán
  • Philippon, Thomas
Publication Date
2018-05-01
Description
  • Abstract

    The US business sector has underinvested relative to profits, funding costs, and Tobin's Q since the early 2000s. Building on prior work, we argue that decreasing competition, rising intangibles, and tightening governance explain, respectively, about one-half, one-third, and one-sixth of the investment gap. In particular, quasi-indexer ownership appears to lower investment, and this effect is stronger in noncompetitive industries.
Availability
Download
Relations
  • Is supplement to
    DOI: 10.1257/pandp.20181010 (Text)
Publications
  • Gutiérrez, Germán, and Thomas Philippon. “Ownership, Concentration, and Investment.” AEA Papers and Proceedings 108 (2018): 432–37. https://doi.org/10.1257/pandp.20181010.
    • ID: 10.1257/pandp.20181010 (DOI)

Update Metadata: 2020-06-01 | Issue Number: 1 | Registration Date: 2020-06-01

Gutiérrez, Germán; Philippon, Thomas (2018): Replication data for: Ownership, Concentration, and Investment. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114432V1-24712