Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/100123
Authors: 
Sanchez Valadez, Manuel
Year of Publication: 
2013
Series/Report no.: 
Working Papers, Banco de México 2013-15
Abstract (Translated): 
In the firm's competitive strategy act together their financial decision and their decisions in the product markets. Even if in the last three decades the theoretical and empirical literature has growth, still are topics few explored. One of them is the relationship between firm's asset specificity, as a characteristic of the competitive environment, and their indebtedness as competitive tool. This paper tries answer if additionally to the level of specificity in the firm's assets the corporations use their indebtedness as another tool in their competitive strategy. The results show that the asset specificity influences in different way the firms' debt, the effect differs accordingly at the debt' maturity and the competitive environment faced.
Subjects: 
Asset specificity
Indebtedness
Competitive strategy
JEL: 
G32
L10
Document Type: 
Working Paper
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