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competition. The analysis is based on a simple model of market entry and shows that incumbent firms engage in risk management when … affects the nature of competition in industries. Our findings thus suggest that more disclosure on risk management may change …
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Entry decisions in market entry games usually depend on the belief about how many others are entering the market, the belief about the own rank in a real effort task, and subjects' risk preferences. In this paper I am able to replicate these basic results and examine two further dimensions: (i)...
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