Arbeitspapier

Entorno competitivo, endeudamiento y especificidad de los activos: Evidencia en el caso de las empresas españolas

In the firm's competitive strategy act together their financial decision and their decisions in the product markets. Even if in the last three decades the theoretical and empirical literature has growth, still are topics few explored. One of them is the relationship between firm's asset specificity, as a characteristic of the competitive environment, and their indebtedness as competitive tool. This paper tries answer if additionally to the level of specificity in the firm's assets the corporations use their indebtedness as another tool in their competitive strategy. The results show that the asset specificity influences in different way the firms' debt, the effect differs accordingly at the debt' maturity and the competitive environment faced.

Sprache
Spanisch

Erschienen in
Series: Working Papers ; No. 2013-15

Klassifikation
Wirtschaft
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Market Structure, Firm Strategy, and Market Performance: General
Thema
Asset specificity
Indebtedness
Competitive strategy

Ereignis
Geistige Schöpfung
(wer)
Sanchez Valadez, Manuel
Ereignis
Veröffentlichung
(wer)
Banco de México
(wo)
Ciudad de México
(wann)
2013

Handle
Letzte Aktualisierung
10.03.2025, 11:46 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Sanchez Valadez, Manuel
  • Banco de México

Entstanden

  • 2013

Ähnliche Objekte (12)