G2TT
来源类型Discussion paper
规范类型论文
来源IDDP7198
DP7198 Gender Differences in Risk Behaviour: Does Nurture Matter?
Alison Booth; Patrick Nolen
发表日期2009-03-01
出版年2009
语种英语
摘要This paper provides evidence that incumbents' access to group deep pockets has a negative impact on entry in product markets. Relying on a unique French data set on business groups, the paper presents three major findings. First, consistent with theoretical predictions, the amount of financial resources owned by incumbent-affiliated groups has a negative impact on entry in a market. This suggests that internal capital markets operate within corporate groups and that they have a potential anti-competitive effect. Second, the impact on entry of group financial strength is more important in markets where access to external funding is likely to be more difficult. Third, the more active are internal capital markets, the more pronounced the effect on entry of group deep pockets.
主题Financial Economics ; Industrial Organization
关键词Business groups Deep-pockets Internal capital markets Market entry
URLhttps://cepr.org/publications/dp7198
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/536035
推荐引用方式
GB/T 7714
Alison Booth,Patrick Nolen. DP7198 Gender Differences in Risk Behaviour: Does Nurture Matter?. 2009.
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