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. I find that when a large portion of their market is threatened, incumbents significantly increase debt maturity before …
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I propose a theory of debt maturity as an incentive device to motivate innovation when contracts are fundamentally … when contracts are incomplete. I show how an appropriate choice of debt maturity, together with ex-post contract …
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leverage and product-market competition as predictors of financial distress hazard; and lack of attention to frailty as a … a managerial effort problem, mitigated by leverage and product-market competition as substitute disciplining devices … effect of leverage on financial distress hazard is inverted-U-shaped; (ii) the effect of the competition is U-shaped; and …
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wird im Rahmen von industrieökonomischen Oligopolmodellen aufgezeigt, in denen die Aufnahme von Fremdkapital eine … Wettbewerb in strategischen Substituten und Komplementen unterschieden, dabei wird die Interaktion der Unternehmen jeweils im Ein …
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