|
| |
| Paolo M. Panteghini and Michele Moretto |
| |
| ''Preemption, Start-Up Decisions and the Firms' Capital Structure'' |
| ( 2007, Vol. 4 No.39 ) |
| |
| |
| In this article, we analyse the interactions between financial and start-up decisions in an oligopolistic framework, where firms compete to enter a new market. We show that preemption can substantially reduce the negative effects of credit rationing on start-up investment decisions. |
| |
| |
| Keywords: capital structure |
JEL: D9 - Intertemporal Choice and Growth: General
G3 - Corporate Finance and Governance: General |
| |
| Manuscript Received : Oct 15 2007 | | Manuscript Accepted : Oct 17 2007 |
|
