Gordon Phillips (economist)

Gordon Phillips is an American financial economist, currently at Tuck School of Business, Dartmouth College. He obtained his bachelor's degree at Northwestern University in 1986 and his Ph.D. and M.A. from Harvard University in 1991.^[1]

Gordon Phillips is currently the C.V. Starr Foundation Professor and Faculty Advisor at the Center for Private Equity and Venture Capital at the Tuck School of Business. He is also a research associate at the National Bureau of Economic Research (NBER) (www.nber.org) and a visiting research professor at Tsinghua University in Beijing. He previously taught at the University of Southern California and the University of Maryland. He has been a visiting professor at Duke University, HEC Paris, Insead, MIT, and Southern Mediterranean University. He received his MA and Ph.D. from Harvard University and his undergraduate degree from Northwestern University.

His areas of research include corporate finance and industrial organization. He studies how financial decisions impact firms' strategic decisions, and contracting in financial markets. His work in corporate finance includes studies of private equity issuance, capital structure, Chapter 11 bankruptcy, and how leverage buyouts and other forms of high debt influence a firms' and rivals' investment decisions.

Recent research published in The Review of Financial Studies, the Journal of Political Economy, and the Journal of Finance has applied computational linguistics to firm financial statements to analyze merger synergies, dividends and product market competition. Research published in the Journal of Finance has been on real and financial booms, busts and mergers and acquisitions and how firms organize across multiple markets. He recently presented the keynote address on PIPEs (private investment in public equity) to an audience of executives and finance professionals. He has served as an associate editor at The Review of Financial Studies and the Journal of Corporate Finance.

Recent Publications

G. Phillips and G. Hoberg, "Scope, Scale and Concentration: The 21st Century Firm," forthcoming, Journal of Finance, 2024
G. Phillips, Using Computational Linguistics to Identify Competitors and Competitive Interactions, NBER Reporter, No. 4, December 2022,
K. Herkenhoff, G. Phillips and E. Cohen-Cole, "The Impact of Consumer Credit Access on Self-Employment and Entrepreneurship," Journal of Financial Economics, 2021^[2]
S. Katie Moon and G. Phillips, "Outsourcing Supply Contracts, Human Capital and Firm Capital Structure," Management Science, 2021.^[3]
L. Fresard, G. Hoberg and G. Phillips, "Innovation Activities and Integration through Vertical Acquisitions,” [online appendix], forthcoming, Review of Financial Studies, 2020;^[4] Oliver Williamson best paper award.
G. Hoberg and G. Phillips, "Text-Based Industry Momentum," [online appendix], Journal of Financial and Quantitative Analysis, 2017. doi:10.2139/ssrn.2504738
L. Fresard, U. Hege, and G. Phillips "Extending Industry Specialization through Cross-Border Acquisitions" Volume 30, Issue 5, 1 May 2017, Pages 1539–1582, doi:10.1093/rfs/hhx008
G. Hoberg and G. Phillips, “Conglomerate Industry Choice and Product Language, ” Management Science, 2017 doi:10.1287/mnsc.2016.2693
G. Phillips and G. Sertsios, "Financing and New Product Decisions of Private and Publicly Traded Firms," Review of Financial Studies, Volume 30, Issue 5, 1 May 2017, Pages 1744–1789, doi:10.1093/rfs/hhw106
G. Hoberg and G. Phillips,“Text-Based Network Industries and Endogenous Product Differentiation” Journal of Political Economy, October 2016 ^[5]doi:10.1086/688176

References

^ "Home Page of Gordon Phillips". Dartmouth College, Tuck School of Business. Retrieved April 22, 2017.
^ Herkenhoff, Kyle; Phillips, Gordon M.; Cohen-Cole, Ethan (2021). "The impact of consumer credit access on self-employment and entrepreneurship". Journal of Financial Economics. 141 (1): 345–371. doi:10.1016/j.jfineco.2021.03.004. ISSN 0304-405X.
^ Moon, S. Katie; Phillips, Gordon M. (2021). "Outsourcing Through Purchase Contracts and Firm Capital Structure". Management Science. 67 (1): 363–387. doi:10.1287/mnsc.2019.3443. ISSN 0025-1909.
^ Phillips, Gordon (2020). "Innovation Activities and Integration through Vertical Acquisitions". The Review of Financial Studies. 33 (7). doi:10.1093/rfs/hhz106. Retrieved 2024-05-02.
^ Hoberg, Gerard; Phillips, Gordon (2016). "Text-Based Network Industries and Endogenous Product Differentiation". Journal of Political Economy. 124 (5): 1423–1465. doi:10.1086/688176. ISSN 0022-3808.

External links

Gordon Phillips publications indexed by Google Scholar
"Gordon Phillips". nber.org. Retrieved October 22, 2017.
"Gordon Phillips". IDEAS/RePEc.

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[1] "Home Page of Gordon Phillips". Dartmouth College, Tuck School of Business. Retrieved April 22, 2017.

[2] Herkenhoff, Kyle; Phillips, Gordon M.; Cohen-Cole, Ethan (2021). "The impact of consumer credit access on self-employment and entrepreneurship". Journal of Financial Economics. 141 (1): 345–371. doi:10.1016/j.jfineco.2021.03.004. ISSN 0304-405X.

[3] Moon, S. Katie; Phillips, Gordon M. (2021). "Outsourcing Through Purchase Contracts and Firm Capital Structure". Management Science. 67 (1): 363–387. doi:10.1287/mnsc.2019.3443. ISSN 0025-1909.

[4] Phillips, Gordon (2020). "Innovation Activities and Integration through Vertical Acquisitions". The Review of Financial Studies. 33 (7). doi:10.1093/rfs/hhz106. Retrieved 2024-05-02.

[5] Hoberg, Gerard; Phillips, Gordon (2016). "Text-Based Network Industries and Endogenous Product Differentiation". Journal of Political Economy. 124 (5): 1423–1465. doi:10.1086/688176. ISSN 0022-3808.

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