Corporate Liquidity in Games of Monopoly Power

Cross-sectional variation in corporate liquidity within a sample of large U.S. corporations suggests that there are material effects from product market competition. The empirical evidence is consistent with an oligopolistic model wherein liquid assets are employed both to signal commitment to retal...

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Veröffentlicht in:	The review of economics and statistics 1987-05, Vol.69 (2), p.312-319
1. Verfasser:	Baskin, Jonathan
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital investments Capital structure Competition Economic theory Financial investments Game theory Incumbents Liquid assets Liquidity Marketable securities Monopoly power Oligopolies Oligopoly Regression analysis Rivalry Studies Warfare
Online-Zugang:	Volltext
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