How Do Firm Financial Conditions Affect Product Quality and Pricing?
---- Acknowledgements -----
We wish to thank Sheri Tice, our discussant at the 2011 American Finance Association meetings and Roger Betancourt, Eyal Dvir, Edith Hotchkiss, Ginger Jin, Ivan Marinovic and John Shea and seminar participants at London Business School, the Norwegian School of Management and Universidad Catolica de Chile for helpful comments. Funding for Gordon Phillips was provided through NSF Grant #0823319. All errors are the authors alone. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.