Boutin, Xavier; Cestone, Giacinta; Fumagalli, Chiara; … - Dipartimento di Economia, Management e Metodi … - 2012
We provide evidence that incumbent and entrant firms\' access to business group deep pockets affects entry patterns in product markets. Relying on a unique French data set on business groups, our paper shows that entry in manufacturing industries is negatively related to the cash hoarded by...