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Investment Decisions and Managerial Discipline: Evidence from the Takeover Market

โœ Scribed by Ralph Scholten

Book ID
118073349
Publisher
Financial Management Association International (FMA)
Year
2005
Tongue
English
Weight
662 KB
Volume
34
Category
Article
ISSN
0046-3892

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โœ Gregory E. Goering; T. Harikumar ๐Ÿ“‚ Article ๐Ÿ“… 1999 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 108 KB ๐Ÿ‘ 1 views

We consider an economy where firms operate in an imperfectly competitive industry and mutually affect each others' investment opportunities. Each firm is assumed to face a mutually exclusive choice of investing in either a short-or a long-term project. For example, firm i's commitment to a short-ter