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Title:Preemption, start-up decisions and the firms' capital structure PDF Logo
Authors:Moretto, Michele
Panteghini, Paolo M.
Issue Date:2007
Series/Report no.:CESifo working paper 2006
Abstract:In this article, we analyse the interactions between financial and start-up decisions in an oligopolistic framework, where firms compete to enter a new market. We show that preemption can substantially reduce the negative effects of credit rationing on start-up investment decisions.
JEL:D92
G33
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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