Gordon Phillips
Visiting Professor of Business Administration
Visiting Professor of Business Administration
Gordon Phillips is a visiting professor at Harvard Business School in the entrepreneurship and finance areas. He is the Laurence F. Whittemore Professor of Business Administration ( http://faculty.tuck.dartmouth.edu/gordon-phillips/ ) at the Dartmouth Tuck School of Business. He is a faculty advisor at the Center for Private Equity and Venture Capital, where he was the faculty director for 5 years, reorganizing and helping to expand the previously named Center for Private Equity. He is also a research associate at the National Bureau of Economic Research (NBER) and a visiting research professor at Tsinghua University in Beijing.
His recent research (Click here for recent research) has been on applying 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 and 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. (Click here for all research areas and publications.)
Gordon Phillips is the Laurence F. Whittemore Professor of Business Administration and Faculty Advisor of the Center for Private Equity and Venture Capital (CPEVC) at the Tuck School of Business, where he was the faculty director for 5 years, reorganizing and helping to expand the previously named Center for Private Equity. He is also a research associate at the National Bureau of Economic Research (NBER) 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 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, how leverage buyouts and other forms of high debt influence a firms' and rivals' investment decisions.
Recent research published in the Journal of Political Economy and the Review of Financial Studies has been on applying 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 and busts and mergers and acquisitions and how firms organize across multiple markets.
Recent/Upcoming Publications
- With C. Hsu, X. Li, and Z. Ma, "Does Industry Competition Influence Analyst Coverage Decisions and Career Outcomes?," forthcoming, Journal of Financial and Quantitative Analysis, 2022
- With K. Herkenhoff and E. Cohen-Cole, "The Impact of Consumer Credit Access on Self-Employment and Entrepreneurship," forthcoming, Journal of Financial Economics, 2021
- National Science Foundation research grant that will use natural language processing to link big data across business and financial sources. “Exploiting Financial and Economic Data—Business OKN.” Read more.
- With L. Fresard and G. Hoberg, "Innovation Activities and Integration through Vertical Acquisitions,” [online appendix], forthcoming, Review of Financial Studies, 2020; Oliver Williamson best paper award
- With S. Katie Moon, "Outsourcing Supply Contracts, Human Capital and Firm Capital Structure," forthcoming Management Science, 2020
- With M. Li and Y. Lu, “CEOs and the Product Market: When are Powerful CEOs Beneficial?” Lead article in Journal of Financial and Quantitative Analysis, Vol. 54, December 2019, pp. 2295-2326
- With J. Bai and D. Carvalho, "The Impact of Bank Credit on Labor Reallocation and Aggregate Industry Productivity," Journal of Finance, December 2018
- "Finance and Industrial Organization," current issues that are explored in a PhD course taught by Gordon M. Phillips at USC, HEC Paris, Insead, Vienna, Australian Finance Research Network, and the Nordic Finance Network
- With G. Hoberg, "Text-Based Industry Momentum," [online appendix], Journal of Financial and Quantitative Analysis, December 2018; Sharpe best paper award
- With L. Fresard and U. Hege, “Extending Industry Specialization through Cross-Border Acquisitions,” Review of Financial Studies, 30 (5), 2017
- With G. Hoberg, “Conglomerate Industry Choice and Product Language, ” Management Science, August 2018
Finance and Industrial Organization //
"Finance and Industrial Organization," current issues that are explored in a PhD course taught by Gordon M. Phillips at USC, HEC Paris, Insead, Vienna, Australian Finance Research Network, and the Nordic Finance Network.
Financial Management Association Asia //
Keynote Address
Industries and Competition: New Foundations for Corporate Finance and Asset Pricing
Finance, Organizations and Markets (FOM) Research Group Conference //
Hoberg-Phillips Data Library //
Data provided by Gerard Hoberg (USC) and Gordon Phillips (Dartmouth). Learn more
Risk Adjusted PE Performance Index
New research paper: “Risk-Adjusted Private Equity Performance Using Individual Portfolio Company Outcomes.” Read the latest research.