Preemption, Start-Up Decisions and the Firms' Capital Structure
In this article, we analyse the interactions between financial and start-up decisions in an oligopolistic framework, where firms compete to enter a new market. We show that preemption can substantially reduce the negative effects of credit rationing on start-up investment decisions.
Volume (Year): 4 (2007)
Issue (Month): 39 ()
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References listed on IDEAS
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