Entry and capital structure mimicking in concentrated markets: The role of incumbents’ financial disclosures
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DOI: 10.1016/j.jacceco.2020.101379
Abstract: Abstract We examine whether the public availability of product market incumbents’ financial disclosures leads to greater capital structure mimicking of incumbents by entrants. Exploiting a change in disclosure enforcement for German private firms in the… read more here.
Keywords: capital structure; structure mimicking; financial disclosures; incumbents financial ... See more keywords