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Tekijä: | Lord, R.A. Farr, W.K. |
Otsikko: | Collusion and financial leverage: an analysis of the integrated mill steel industry |
Lehti: | Financial Management
2003 : SPRING, VOL. 32:1, p. 127-148 |
Asiasana: | Capital structure of companies Gearing Steel industry |
Vapaa asiasana: | Collusion |
Kieli: | eng |
Tiivistelmä: | 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. |
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