The Hoberg and Maksimovic text-based measures of product life cycles are
based on firm disclosures in their 10-Ks filed with the Securities and
Exchange Commission.
The measures are based on the Abernathy and Utterback (1979) life cycle and
span four stages. (1) Product
development stage, (2) Process optimization stage, (3) Mature product stage,
and (4) Product decline stage.
We thank Christopher Ball at metaHeuristica
for access to outstanding text analytic tools that made this project
possible.
Hoberg
and Maksimovic
Data Library
USC Marshall
School of Business
and
UMD Smith School of Business
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Welcome to the Hoberg-Maksimovic
Product Life Cycles Data Repository
<<
Note: Life Cycle Data Extended through 2021! >>
Data provided by Gerard Hoberg
(University of Southern California)
and Vojislav
Maksimovic (University of Maryland)
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Please Note the Following Papers Developed and Use this Data:
Product Life
Cycles in Corporate Finance, Review
of Financial Studies (September 2022) 35 (9) 4249-4299. [download]
Life Cycles of
Firm Disclosures, Working
Paper. [download]
Data
Repository Files:
* Please cite the following paper when using this data:
Product Life Cycles in Corporate Finance. [Download Paper]
Gerard Hoberg and
Vojislav Maksimovic, 2022, Review of
Financial Studies (September 2022) 35 (9) 4249-4299.
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