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.

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Year of publication:	2007
Authors:	Moretto, Michele ; Panteghini, Paolo
Institutions:	CESifo
Subject:	capital structure \| irreversibility \| preemption \| real options

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2006
Classification:	D92 - Intertemporal Firm Choice and Growth, Investment, or Financing ; G33 - Bankruptcy; Liquidation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005405785