haku: @author Maurer, B. / yhteensä: 2
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| Tekijä: | Maurer, B. |
| Otsikko: | Innovation and investment under financial constraints and product market competition |
| Lehti: | International Journal of Industrial Organization
1999 : MAY, VOL. 17:4, p. 455-476 |
| Asiasana: | INNOVATION INVESTMENT PRODUCT MARKETING |
| Kieli: | eng |
| Tiivistelmä: | The present paper extends previous work on predatory behavior against financially constrained firms to include innovation and product market competition. The author shows that the pattern of strategic interaction between competing firms determines behavioral changes coming from financial constraints. Both leveraged and unleveraged firms react to financial constraints. The theory is used to explain recent empirical findings concerning the interaction of capital market imperfections and market structure. |
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