Show simple item record Brander, James A. en_US Lewis, Tracy en_US 2010-03-09T15:44:08Z 2010-03-09T15:44:08Z 1986 en_US
dc.description.abstract We argue that product markets and financial markets have important linkages. Assuming on oligopoly in which financial and output decisions follow in sequence, we show that limited liability may commit a leveraged firm to a more aggressive output stance. Because firms will have incentives to use financial structure to influence the output market, this demonstrates a new determinant of the debt-equity ratio. en_US
dc.format.extent 2796817 bytes
dc.format.mimetype application/pdf
dc.language.iso en_US
dc.publisher The American Economic Review en_US
dc.subject Financial markets en_US
dc.subject limited liability en_US
dc.subject product markets en_US
dc.title Oligopoly and Financial Structure: The Limited Liability Effect en_US
dc.type Journal Article en_US
dc.department Economics

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