| 000 | 02283cam a22003377 4500 | ||
|---|---|---|---|
| 001 | w5498 | ||
| 003 | NBER | ||
| 005 | 20211020114150.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s1996 mau fo 000 0 eng d | ||
| 100 | 1 |
_aDasgupta, Sudipto. _98857 |
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| 245 | 1 | 0 |
_aPricing Strategy and Financial Policy / _cSudipto Dasgupta, Sheridan Titman. |
| 260 |
_aCambridge, Mass. _bNational Bureau of Economic Research _c1996. |
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_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w5498 |
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| 500 | _aMarch 1996. | ||
| 520 | 3 | _aRecent empirical evidence indicates that capital structure changes affect pricing strategies. In most cases, prices increase following the implementation of a leveraged buyout of a major firm in an industry, with the more levered firm charging higher prices on average. Notable exceptions exist when rival firms are relatively unlevered. The first observation is consistent with a relatively simple model where firms compete for market share on the basis of price. To explain the second observations (i.e. the exceptions) the model must be extended to allow for reputation effects related to product quality. The extended model illustrates how product market imperfections in combination with high leverage can make firms vulnerable to predatory pricing. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aG31 - Capital Budgeting • Fixed Investment and Inventory Studies • Capacity _2Journal of Economic Literature class. |
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| 690 | 7 |
_aG32 - Financing Policy • Financial Risk and Risk Management • Capital and Ownership Structure • Value of Firms • Goodwill _2Journal of Economic Literature class. |
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| 700 | 1 |
_aTitman, Sheridan. _921722 |
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| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w5498. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w5498 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w5498 |
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_2ddc _cW-PAPER |
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_c342838 _d301400 |
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