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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

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