Erhemjamts, Otgontsetseg; Raman, Kartik; Shahrur, Husayn - In: The Financial Review 45 (2010) 3, pp. 627-657
We examine how industry competition affects firms' choice of short-term debt. We find that the percentage of short-term debt is positively related to industry concentration at low levels of concentration, and inversely related to industry concentration at higher levels of concentration. This...
