Does Competitor Equity Issuance Influence Firms' Behavior? di Aliaksei Mukhachou edito da AV Akademikerverlag
Alta reperibilità

Does Competitor Equity Issuance Influence Firms' Behavior?

Exploring the link between Corporate Finance and Competition

EAN:

9783639729429

ISBN:

3639729420

Pagine:
80
Formato:
Paperback
Lingua:
Tedesco
Acquistabile con o la

Descrizione Does Competitor Equity Issuance Influence Firms' Behavior?

Financing and investment polices of different companies are interlinked through various channels. One of these channels is product market competition, which can make outlier events of equity issuance of a competitor change the policies of a firm. We develop an investment project portfolio model of competition and study a sample of US companies to find that such companies tend to deleverage, underinvest and amass cash ¿ much as we would expect from a firm experiencing an increase in product market competition. Weak competitive position, certain characteristics of the business model, higher operating and financial risk and increased research coverage can strengthen this effect. The choices that the company makes in response closely interrelate and may give an idea of the future returns and performance.

Spedizione gratuita
€ 42.54
o 3 rate da € 14.18 senza interessi con
Disponibile in 10-12 giorni
servizio Prenota Ritiri su libro Does Competitor Equity Issuance Influence Firms' Behavior?
Prenota e ritira
Scegli il punto di consegna e ritira quando vuoi

Recensioni degli utenti

e condividi la tua opinione con gli altri utenti