how the pecking order theory of trading actually functions. …

This paper provides novel insights about competition among bidders during the whole takeover process, its effect on … higher pre-announcement competition among bidders is. I measure competition during the private sales process with a ratio … this competition measure are that (1) it relies on data as reported in target firm's official merger documents filed with …

This paper presents a theoretical model of competition between information intermediaries applied to credit rating … price competition and leads to a two-tier market structure where high (low) quality sellers opt for intermediary with high …

We develop a model of spatial competition to explore how changes in the market structure affect the incentives of banks … reveal that the relaxation of competition distorts banks' incentives to invest in screening …

We use a new regulatory dataset to measure the intensity competition in the UK deposit-taking sector. The novelty of … this study is two-fold. First, the dataset allows us to explore trends in competition intensity over an extended, 24-year …. Second, we take a portmanteau approach and estimate a number of different performance-based competition measures common in …

This paper provides some interesting insight into the impact of financial freedom and inter-industry competition on … commercial banking sector competition in Sri Lanka. The study used a broader set of panel data and employed Panzar-Rosse approach … to estimate the degree of bank competition. The size of the country's stock market capitalization and non …

public rescue packages in smoothing peers’ risk-taking incentives and avoiding distortions in the competition …