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Focuses on financing tools and program models to support local economic development. Includes an overview of private capital markets and financing sources to understand capital market imperfections that constrain economic development; business accounting; financial statement analysis; federal...
Persistent link: https://www.econbiz.de/10009433049
This paper examines the trends and endogenous formation of bank board structure (size, independence, CEO duality and gender diversity) for a sample of 212 bank holding companies from 1997 to 2004. Overall, the results show that the costs and benefits of boards monitoring and advising roles could...
Persistent link: https://www.econbiz.de/10009441638
The present paper tests the empirical link between a firm's financial structure and its entry decision in the US … airport-pair, on the other hand, low cost carriers only decrease the probability of new entry at a marginally significance … level. The finding that air carriers generally respond to financial distress by decreasing the probability of entry is …
Persistent link: https://www.econbiz.de/10009431156
of financial development on the entry of new firms and the expansion of successful new businesses. Drawing from … entry of small firms and in sectors that are more dependent upon external finance. This finding is robust to controlling for … other potential entry barriers (labour market regulations and entry regulations). On the other hand, financial development …
Persistent link: https://www.econbiz.de/10009432027
We test the effect of entry on the tariff choices of incumbent cellularfirms. We relate the change in the breadth of … personal communicationsservices (PCS) firms. Entry by PCS competitors differed acrossgeographic markets due to the number of … from the oldanalog technology to the new digital technology in markets with moreentry, suggesting that entry also has …
Persistent link: https://www.econbiz.de/10009435072
, rarely have economistsbeen able to examine how competition changes with the threat of entry.This paper uses the evolution of … adjusts its entry strategy when facing the threat ofadditional entrants. We identify the potential nth entrant into a … such a market ismore likely to accommodate more than n firms in the long run. Takingaccount of endogeneity of entry into …
Persistent link: https://www.econbiz.de/10009435111
congestion effect. However, when the number of sellers ispresented in isolation, its negative impact on entry is …
Persistent link: https://www.econbiz.de/10009435138
Competition among multi-store chains is common in retail industries.This paper proposes a method for eliminating a model of strategicstore-network choices by two chains. In contrast to previous studies, Iallow chains to not only choose which markets to enter but also how manystores to open in...
Persistent link: https://www.econbiz.de/10009435140
entry and financial development. Incumbents seek a low level of effective investor protection to prevent potential entrants … higher rents earned with less competition. Entry and investor protection improve when wealth distribution becomes less … countries we find that greater accountability is associated with higher entry in sectors that are more dependent on external …
Persistent link: https://www.econbiz.de/10009459999
We investigate the timing and the valuation of strategic investment aimed at enhancing entry opportunities in related … market segments. As demand is uncertain, entry options should be exercised at the optimal time, trading off the market share … gain against the option to wait until more information is revealed, while anticipating competitors' entry behaviour. When …
Persistent link: https://www.econbiz.de/10009460051