to model Strategie price competition between the rivals in a product market, we can fiirthermore show that the need for …

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 …

We address the question of how lending market competition, measured by the bargaining power of banks, affects the … agency costs of debt finance. It is shown that intensified lending market competition will lead to lower lending rates and … lending market competition will reduce the agency cost of debt financing. Hence, our analysis does not lend support to the …

Motivated by prior research on the informational and monitoring role of product market competition, we examine how … for firms with greater exposure to competition, higher financial constraints, and weaker governance practices. Moreover …, we find that product market competition is associated with long-term maturity debt. Taken together, our study generates …