کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5069822 1373207 2010 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Informed lending as a deterrent to predation
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Informed lending as a deterrent to predation
چکیده انگلیسی

Predatory practices have been rationalized by positing some information problem between entrant firms and their financiers. We argue that an effective way to deter product market predation is to obtain credit from an informed source, who can disentangle a firm's expected profitability from its realized profits. Bank finance is often seen as a way of obtaining informed financing. We thus offer a rationale for choosing between bank financing and public debt financing based on its implications for competition in the product market.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Finance Research Letters - Volume 7, Issue 4, December 2010, Pages 193-201
نویسندگان
,