Boutin, Xavier; Cestone, Giacinta; Fumagalli, Chiara; … - Fondazione ENI Enrico Mattei (FEEM) - 2009
We provide evidence suggesting that incumbents' access to group deep pockets has a negative impact on entry in product … of group deep pockets is more important in markets where access to external funding is likely to be more difficult. Third …, the “entry deterring effect" of group deep pockets is more pronounced when groups have more active internal capital …