When Life Gives You Lemons: Competition, Diversification, and Firm Resilience

Simple item page
dc.contributor.advisorChalmers, John
dc.contributor.authorGamrat, Gretchen
dc.date.accessioned2024-08-07T22:40:39Z
dc.date.issued2024-08-07
dc.description.abstractThis study explores how product market competition and diversification relate to private and public firmresilience. Using retail scanner data, I construct firm-level measures of competition and product diversification closer to the product level and leverage the 2008 financial crisis and COVID-19 pandemic as sources of plausibly exogenous variation. Private firms tend to be smaller, less diversified, face greater competition and have greater revenue growth volatility. During the 2008 financial crisis and COVID-19 pandemic, higher market competition is significantly correlated with reduced revenue growth and revenue growth volatility. More diversified public and private firms experience reduced revenue growth volatility in non-crisis periods. However, diversification’s risk reduction capabilities significantly weaken during the COVID-19 pandemic.en_US
dc.description.embargo2025-01-23
dc.identifier.urihttps://hdl.handle.net/1794/29833
dc.language.isoen_US
dc.publisherUniversity of Oregon
dc.rightsAll Rights Reserved.
dc.titleWhen Life Gives You Lemons: Competition, Diversification, and Firm Resilience
dc.typeElectronic Thesis or Dissertation
thesis.degree.disciplineDepartment of Finance
thesis.degree.grantorUniversity of Oregon
thesis.degree.leveldoctoral
thesis.degree.namePh.D.

Files

Collections

Theses and Dissertations
Finance Theses and Dissertations