competition on firms' investment timing decisions. With a model featuring business-cycle variations in both the profit level and … the traditional single-regime real option models; ii) relative to monopoly, competition partially consumes the added or …

We study the combined effects of revenue and cost uncertainty as well competition on the timing optimization of … in firms behaviour. When uncertainty about the input costs and revenue are considered together with competition, the …

the direction and the strength of this association is affected by product market competition. We find that the direction …

depends on the degree of competition that firms face. I exploit a unique empirical setting to construct a time … response to higher uncertainty, supporting the argument that competition can erode the option value of deferring investment. In … competition plays an important role in the link between uncertainty and investment …

to peer prices varies with industry competition and whether the prices reflect firm-specific or industry information …

This paper studies how expected returns interact with product market competition. The model predicts that (i …) competition erodes markups, such that firms are more exposed to systematic risk; (ii) the threat of entry by new firms lowers … overall negative relation between returns and competition. We also consider a sample selection correction for publicly listed …

competition among suppliers. We explore the interaction between leverage and supplier competition, and find that firm leverage … decreases with the degree of competition among suppliers. Specifically, leverage decreases with the elasticity of substitution …

internal finance firms' strategic actions to hamper external finance dependent firms' financing and competition ability during … implication of the "long-purse theory of predation." …

product market competition. The paper characterizes headquarters' decision to retain managers and allocate capital for … different degrees of product market competition and fundamental parameters in the VC markets. The paper shows that distortions …