Jong, A. de; Nguyen, T.T.; Dijk, M.A. van - Erasmus Research Institute of Management (ERIM), ERIM … - 2007
We investigate how competitive behavior affects the capital structure of a firm. Theory predicts that the impact of different types of output market uncertainty (in particular, unanticipated shocks in demand and costs) on a firm’s leverage depends on the type of competition in an...