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On the Relationship Between Financial Status and Investment in Technological Flexibility

Author

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  • Marcel Boyer
  • Armel Jacques
  • Michel Moreaux

Abstract

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Suggested Citation

  • Marcel Boyer & Armel Jacques & Michel Moreaux, 2002. "On the Relationship Between Financial Status and Investment in Technological Flexibility," CIRANO Working Papers 2002s-14, CIRANO.
    • Handle: RePEc:cir:cirwor:2002s-14
    as

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    File URL: https://cirano.qc.ca/files/publications/2002s-14.pdf
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    References listed on IDEAS

    as
    1. Xavier Freixas & Jean-Charles Rochet, 1997. "Microeconomics of Banking," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061937, December.
    2. Dasgupta, Sudipto & Shin, Jhinyoung, 1999. "Information sharing, information free-riding and capital structure in oligopolies," International Journal of Industrial Organization, Elsevier, vol. 17(1), pages 109-135, January.
    3. Steven M. Fazzari & R. Glenn Hubbard & Bruce C. Petersen, 1988. "Financing Constraints and Corporate Investment," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 19(1), pages 141-206.
    4. Hart, Oliver, 1995. "Firms, Contracts, and Financial Structure," OUP Catalogue, Oxford University Press, number 9780198288817.
    5. Boyer, M. & Jacques, A. & Moreaux, M., 1998. "Observability, Commitment and Flexibility," Papers 98.504, Toulouse - GREMAQ.
    6. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    7. Vives, Xavier, 1989. "Technological competition, uncertainty, and oligopoly," Journal of Economic Theory, Elsevier, vol. 48(2), pages 386-415, August.
    8. Ellingsen, Tore, 1995. "On flexibility in oligopoly," Economics Letters, Elsevier, vol. 48(1), pages 83-89, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Internal financing; Debt; Technological flexibility; Strategic behavior; Financement interne; Endettement; Flexibilité technologique; Comportement stratégique;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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