Chamberlain, Trevor W; Gordon, Myron J - In: The Manchester School of Economic & Social Studies 59 (1991) 3, pp. 244-56
This paper examines the relationship between corporate borrowing and monopoly power under the assumption that the objective of the firm is to maximize the probability of long-run survival. Time-series data for each of twenty-five large industrial corporations and covering the period 1955 to 1981...