Gerard Hoberg

Professor of Finance and Business Economics & Charles E. Cook Community Bank Chair of Finance
Building
HOH
Room / Office
811

Ph.D., M.Phil., M.A., B.A., Yale University

Gerard Hoberg's research is primarily in the area of empirical corporate finance with a focus on innovation, mergers, IPOs, disclosure, informational environments, industrial organization, and asset pricing. His work often focuses on issues relating to important theories that have proved difficult to test, and to issues that are of importance to regulatory agencies and financial stability. He is known for methodological contributions that bring technologies from computational linguistics into finance.

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AJ Chen, Gerard Hoberg, Ben Zhang () "Wisdom of the Institutional Crowd: Implications for Anomaly Returns ,".
Utku Acikalin, Tolga Caskurlu, Gerard Hoberg, Gordon Phillips () " Intellectual Property Protection Lost and Competition: An Examination Using Machine Learning ,".
Felipe Cabezon, Gerard Hoberg () "Director Networks and Innovation Herding ,".
Gerard Hoberg, Vojislav Maksimovic () "Product Life Cycles in Corporate Finance ,"  Review of Financial Studies  Accepted.
Donald Bowen, Gerard Hoberg, Laurent Fresard () "Technological Disruptiveness and the Evolution of IPOs and Sell-Outs ,"  Management Science  Accepted.
Gerard Hoberg, Nitin Kumar, Nagpurnanand Prabhala () "Competition and Momentum Profits ,"  Review of Financial Studies  Accepted.
Laurent Fresard, Gerard Hoberg, Gordon Phillips () "Innovation Activities and Integration through Vertical Acquisitions ,"  Review of Financial Studies  33, 2937-2976.
AJ Chen, Gerard Hoberg, Vojislav Maksimovic () "Life Cycles of Firm Disclosures ,".
Gerard Hoberg, Gordon Phillips () "Scope, Scale and Competition: The 21st Century Firm ,".
Gerard Hoberg, Yuan Li, Gordon Phillips () "U.S. Innovation and Chinese Competition for Innovation Production ,".
Gerard Hoberg, Kathleen Hanley () "Dynamic Interpretation of Emerging Systemic Risks ,"  Review of Financial Studies  32, 4543–4603.
Gerard Hoberg, Katie Moon () "The Offshoring Return Premium ,"  Management Science  65, 2876–2899.
Deniz Anginer, Gerard Hoberg, Nejat Seyhun () "Can Anomalies Survive Insider Disagreements ,".
Gerard Hoberg, Gordon Phillips () "Merger Integration and Merger Success ,".
Bok Baik, Gerard Hoberg, Jungbae Kim, Peter Oh () "Shocks to Industry Networks and Post-Earnings Announcement Drift ,".
Gerard Hoberg, Gordon Phillips () "Text-Based Industry Momentum ,"  Journal of Financial and Quantitative Analysis  53, 2355-2388.
Gerard Hoberg, Gordon Phillips () "Industry Choice and Product Language ,"  Management Science  64, 3735-3755.
Gerard Hoberg, Nitin Kumar, Nagpurnanand Prabhala () "Mutual Fund Competition, Managerial Skill, and Alpha Persistence ,"  Review of Financial Studies  31, 1896-1929.
Gerard Hoberg, Katie Moon () "Offshore Activities and Financial vs Operational Hedging ,"  Journal of Financial Economics  125, 217-244.
Gerard Hoberg, Craig Lewis () "Do Fraudulent Firms Produce Abnormal Disclosure? ,"  Journal of Corporate Finance  43, 58-85.
Gerard Hoberg () "Discussion of using unstructured and qualitative disclosures to explain accruals ,"  Journal of Accounting and Economics  62, 228-233.
Gerard Hoberg, Gordon Phillips () " Text-based network industries and endogenous product differentiation ,"  Journal of Political Economy  124, 1423-1465.
Keongtae Kim, Anandasivam Gopal, Gerard Hoberg () "Product Market Competition and Corporate Venture Capital Investment in the IT Industry: An Empirical Analysis ,"  Information Systems Research  27, 259-281.
Gerard Hoberg, Vojislav Maksimovic () "Redefining financial constraints: a text-based analysis ,"  Review of Financial Studies  28, 1312–1352.
Gerard Hoberg, Gordon Phillips, Nagpurnanand Prabhala () "Product market threats, payouts, and financial flexibility ,"  The Journal of Finance  69, 293–324.
Kathleen Hanley, Gerard Hoberg () "Litigation risk, strategic disclosure and the underpricing of initial public offerings ,"  Journal of Financial Economics  103, 235–254.
Gerard Hoberg, Gordon Phillips () "Product market synergies and competition in mergers and acquisitions: A text-based analysis ,"  Review of Financial Studies  23, 3773–3811.
Gerard Hoberg, Gordon Phillips () "Real and financial industry booms and busts ,"  The Journal of Finance  65, 45–86.
Kathleen Hanley, Gerard Hoberg () "The information content of IPO prospectuses ,"  Review of Financial Studies  23, 2821–2864.
Gerard Hoberg, Nagpurnanand Prabhala () "Disappearing dividends, catering, and risk ,"  Review of financial studies  22, 79–116.
Gerard Hoberg () "The underwriter persistence phenomenon ,"  The Journal of Finance  62, 1169–1206.