Brander and Lewis argue in a seminal paper (AER, 1986) that a firm's debt-equity ratio should have important strategic effects on product market competition. We test their model in a duopoly experiment under both, Bertrand and Cournot competition. We find that leverage has strategic effects, but...

Brander and Lewis argue in a seminal paper (AER, 1986) that a firm's debt-equity ratio should have important strategic effects on product market competition. We test their model in a duopoly experiment under both, Bertrand and Cournot competition. We find that leverage has strategic effects, but...

Using a hand-collected sample of contracts and investment proposals from German venturecapital financing relationships, we analyze specific incentive conflicts. We apply indirect anddirect measures of these problems and extend the “direct” approach by Kaplan and Strömberg(2004) to a four-...

Das Thema der vorliegenden Diplomarbeit sind optimale Hedging- und Spekulationsstrategien für einen Unternehmer, der an einer internationalen Ausschreibung teilnimmt. Im Kapitel 2 werden das Entscheidungsproblem und die für alle nachfolgenden Abschnitte gemeinsamen Annahmen ausführlich...