Picture of G. Hoberg

Gerard Hoberg


Associate Professor of Finance

Robert H. Smith School of Business
University of Maryland

Email:
ghoberg at rhsmith dot umd dot edu

Address:
4423 Van Munching Hall
University of Maryland
College Park, MD 20742-1815

Phone: 301.405.9685
Fax: 301.405.0359

Gerard Hoberg's Research



Selected Working Papers

  • Offshore Activities and Financial vs Operational Hedging (with Katie Moon). [Download]

  • Offshore Activities and Global Consumption Risk (with Katie Moon). [Download]

  • Do Fraudulent Firms Engage in Disclosure Herding? (with Craig Lewis). [Download]

  • Disclosure Informativeness and the Tradeoff Hypothesis: A Text-Based Analysis (with Christopher Ball and Vojislav Maksimovic). [Download]

  • The Incentives for Vertical Mergers and Vertical Integration (with Laurent Fresard and Gordon Phillips). [Download]

  • Mutual Fund Competition, Managerial Skill, and Alpha Persistence (with Nitin Kumar and Nagpurnanand Prabhala). [Download]

  • Text-Based Network Industries and Endogenous Product Differentiation (with Gordon Phillips). [Download]

  • Redefining Financial Constraints: a Text-Based Analysis (with Vojislav Maksimovic). [Download]

  • The Stock Market, Product Uniqueness, and Comovement of Peer Firms (with Gordon Phillips). [Download]

  • Industry Choice and Product Language (with Gordon Phillips). [Download]

  • Does Angel Participation Matter? An Analysis of Early Venture Financing (with Brent Goldfarb, David Kirsch, and Alex Triantis). [Download]

  • Product Market Competition and Corporate Venture Capital Investment in the IT Industry: An Empirical Analysis (with Keongtae Kim and Anand Gopal). [Download]


Published Articles

  • Product Market Threats, Payouts, and Financial Flexibility (with Gordon Phillips and Nagpurnanand Prabhala),
    Journal of Finance (February 2014) 69, 293-324. [Download]

  • Litigation Risk, Strategic Disclosure and the Underpricing of Initial Public Offerings, (with Kathleen Hanley),
    Journal of Financial Economics (February 2012) 103, 235-254.. [Download]

  • Product Market Synergies and Competition in Mergers and Acquisitions: A Text-Based Analysis, (with Gordon Phillips),
    Review of Financial Studies (October 2010) 23 (10), 3773-3811. [Download]

  • The Information Content of IPO Prospectuses (with Kathleen Hanley),
    Review of Financial Studies (July 2010) 23 (7), 2821-64. [Download]

  • Real and Financial Industry Booms and Busts (with Gordon Phillips),
    Journal of Finance (January 2010) 65 (1), 45-86. [Download]

  • Disappearing Dividends, Catering, and Risk (with N.R. Prabhala),
    Review of Financial Studies (January 2009) 22 (1), 79-116. [Download]

  • The Underwriter Persistence Phenomenon,
    Journal of Finance (June 2007) 62 (3), 1169-1206. [Download]


Miscellaneous

  • Hoberg and Phillips Data Library. [Download Industry Data]

  • Jerry's SSRN Author Page. [View All Working Papers]

  • Interests: Corporate Finance, Industrial Organization, IPOs, M&A, Payout Policy, Financial Constraints,
    Product Markets, Municipal Bonds, and Empirical Asset Pricing.

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