Article ID Journal Published Year Pages File Type
5089728 Journal of Banking & Finance 2012 15 Pages PDF
Abstract
► We model a setting where a firm's investment decision affects its rivals adversely. ► We present two models with simultaneous and sequential investment decisions. ► We show that seemingly suboptimal decisions can result from these rational models. ► We provide empirical evidence supporting our key points.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Product markets and corporate investment: Theory and evidence
Authors
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