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This paper examines the impact of product market competition and corporate governance on the cost of debt financing and … competition plays a crucial role in explaining the way a firm's anti-takeover protection affects the cost of debt and the use of …
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We investigate the possibility of completing financial markets in a model with no exogenous probability measure and market imperfections. A necessary and sufficient condition is obtained for such an extension to be possible
Persistent link: https://www.econbiz.de/10012839757
resurgent shift in bank competition. We disentangle the impact of regional asymmetries among EZ member countries by estimating … the Mahalanobis distance metric. We find that lower bank competition has a significant positive impact on Intra-EZ FDI in … proxy reflecting the cost of interbank funds denominated in the same (common) currency, and bank competition, proxied by the …
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(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …
Persistent link: https://www.econbiz.de/10003935667
(Smith 1962) and recent theoretical results (Dufwenberg et al. 2008) suggest that competition forces people to behave as if …
Persistent link: https://www.econbiz.de/10003951883