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:	2007-10-17
Authors:	Panteghini, Paolo M. ; Moretto, Michele
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 4.2007, 39, p. 1-14
Publisher:	AccessEcon
Subject:	capital structure

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Extent:	application/pdf
Type of publication:	Article
Classification:	D9 - Intertemporal Choice and Growth ; G3 - Corporate Finance and Governance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010629715