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We provide new evidence on the effects of competition on incumbents' innovative behavior by examining the rise of …, competition from start-ups results in a higher number of FinTech patent applications by financial incumbents as compared to non …
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It has been suggested that mergers, by increasing concentration, raise incentives to invest and hence are pro-competitive. To study the effects of mergers, we rewrite a game with simultaneous price and cost-reducing investment choices as one where firms only choose prices, and make use of...
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The paper studies competition for the market in a setting where incumbents (and, to a lesser extent, neighboring …
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leverage and product-market competition as predictors of financial distress hazard; and lack of attention to frailty as a … a managerial effort problem, mitigated by leverage and product-market competition as substitute disciplining devices … effect of leverage on financial distress hazard is inverted-U-shaped; (ii) the effect of the competition is U-shaped; and …
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