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Author:Lord, R.A.
Farr, W.K.
Title:Collusion and financial leverage: an analysis of the integrated mill steel industry
Journal:Financial Management
2003 : SPRING, VOL. 32:1, p. 127-148
Index terms:Capital structure of companies
Gearing
Steel industry
Freeterms:Collusion
Language:eng
Abstract:The authors show that firms can design their capital structure to provide a publicly observable indication of compliance with a collusive agreement. They develop two empirically testable hypotheses based on this argument and test these propositions on data for seven integrated mill steel firms.
SCIMA record nr: 244157
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