메뉴 건너뛰기




Volumn 13, Issue 3, 2000, Pages 749-779

Strategic responses of incumbents to new entry: The effect of ownership structure, capital structure, and focus

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0040211603     PISSN: 08939454     EISSN: None     Source Type: Journal    
DOI: 10.1093/rfs/13.3.749     Document Type: Article
Times cited : (120)

References (44)
  • 1
  • 2
    • 0040898637 scopus 로고    scopus 로고
    • Managerial entrenchment and capital structure decisions
    • Berger, P., E. Ofek, and D. Yermack, 1997, "Managerial Entrenchment and Capital Structure Decisions," Journal of Finance, 52, 1411-1438.
    • (1997) Journal of Finance , vol.52 , pp. 1411-1438
    • Berger, P.1    Ofek, E.2    Yermack, D.3
  • 3
    • 0000488169 scopus 로고
    • Oligopoly and financial structure: The limited liability effect
    • Brander, J., and T. Lewis, 1986, "Oligopoly and Financial Structure: The Limited Liability Effect," American Economic Review, 76, 956-970.
    • (1986) American Economic Review , vol.76 , pp. 956-970
    • Brander, J.1    Lewis, T.2
  • 4
    • 21844522644 scopus 로고
    • Speed, stealth, and selective attack: How small firms differ from large firms in competitive behavior
    • Chen, M., and D. Hambrick, 1995, "Speed, Stealth, and Selective Attack: How Small Firms Differ from Large Firms in Competitive Behavior," Academy of Management Journal, 38, 453-481.
    • (1995) Academy of Management Journal , vol.38 , pp. 453-481
    • Chen, M.1    Hambrick, D.2
  • 5
    • 0000008696 scopus 로고
    • Nonresponse and delayed response to competitive moves: The roles of competitor dependence and action irreversibility
    • Chen, M., and I. MacMillan, 1992, "Nonresponse and Delayed Response to Competitive Moves: The Roles of Competitor Dependence and Action Irreversibility," Academy of Management Journal, 35, 539-570.
    • (1992) Academy of Management Journal , vol.35 , pp. 539-570
    • Chen, M.1    Macmillan, I.2
  • 6
    • 0029540769 scopus 로고
    • Capital structure and product market competition: Empirical evidence from the supermarket industry
    • Chevalier, J., 1995, "Capital Structure and Product Market Competition: Empirical Evidence from the Supermarket Industry," American Economic Review, 85, 415-435.
    • (1995) American Economic Review , vol.85 , pp. 415-435
    • Chevalier, J.1
  • 7
    • 0030318587 scopus 로고    scopus 로고
    • Capital market imperfections and countercyclical markups: Theory and evidence
    • Chevalier, J., and D. Scharfstein, 1996, "Capital Market Imperfections and Countercyclical Markups: Theory and Evidence," American Economic Review, 86, 566-584.
    • (1996) American Economic Review , vol.86 , pp. 566-584
    • Chevalier, J.1    Scharfstein, D.2
  • 8
  • 9
    • 84935941592 scopus 로고
    • The structure of corporate ownership: Cause and consequences
    • Demsetz, H., and K. Lehn, 1985, "The Structure of Corporate Ownership: Cause and Consequences," Journal of Political Economy, 93, 1155-1177.
    • (1985) Journal of Political Economy , vol.93 , pp. 1155-1177
    • Demsetz, H.1    Lehn, K.2
  • 12
    • 0040282723 scopus 로고
    • Business Guides Inc., New York
    • Directory of Discount Stores, 1983-1986, Business Guides Inc., New York.
    • (1983) Directory of Discount Stores
  • 14
    • 0039690982 scopus 로고
    • Schwartz Publications, New York
    • Discount Merchandiser, 1975-1996, Schwartz Publications, New York.
    • (1975) Discount Merchandiser
  • 16
    • 0001589592 scopus 로고
    • Equilibrium incentives in oligopoly
    • Fershtman, C., and K. Judd, 1987, "Equilibrium Incentives in Oligopoly," American Economic Review, 77, 927-940.
    • (1987) American Economic Review , vol.77 , pp. 927-940
    • Fershtman, C.1    Judd, K.2
  • 17
    • 44649197264 scopus 로고
    • The theory of the firm: Managerial behavior, agency costs and ownership structure
    • Jensen, M., and W. Meckling, 1976, "The Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure," Journal of Financial Economics, 3, 305-336.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-336
    • Jensen, M.1    Meckling, W.2
  • 18
    • 0003757737 scopus 로고
    • Do financing constraints explain why investment is correlated with cash flow?
    • Kaplan, S., and L. Zingales, 1995, "Do Financing Constraints Explain Why Investment is Correlated with Cash Flow?" NBER Working Paper Series, 5267.
    • (1995) NBER Working Paper Series , pp. 5267
    • Kaplan, S.1    Zingales, L.2
  • 19
    • 0032335357 scopus 로고    scopus 로고
    • Optimal contracting with moral Hazard and cascading
    • Khanna, N., 1998, "Optimal Contracting with Moral Hazard and Cascading," Review of Financial Studies, 11, 559-596.
    • (1998) Review of Financial Studies , vol.11 , pp. 559-596
    • Khanna, N.1
  • 20
    • 84993907217 scopus 로고
    • Managers of financially distressed firms: Villains or scapegoats?
    • Khanna, N., and A. Poulsen, 1995, "Managers of Financially Distressed Firms: Villains or Scapegoats?" Journal of Finance, 50, 919-940.
    • (1995) Journal of Finance , vol.50 , pp. 919-940
    • Khanna, N.1    Poulsen, A.2
  • 21
    • 0031484752 scopus 로고    scopus 로고
    • Capital structure and product market behavior: An examination of plant exit and investment decisions
    • Kovenock, D., and G. Phillips, 1997, "Capital Structure and Product Market Behavior: An Examination of Plant Exit and Investment Decisions," Review of Financial Studies, 10, 767-803.
    • (1997) Review of Financial Studies , vol.10 , pp. 767-803
    • Kovenock, D.1    Phillips, G.2
  • 23
    • 84911059380 scopus 로고
    • Tobin's q, corporate diversification, and firm performance
    • Lang, L., and R. Stulz, 1994, "Tobin's Q, Corporate Diversification, and Firm Performance," Journal of Political Economy, 102, 1248-1280.
    • (1994) Journal of Political Economy , vol.102 , pp. 1248-1280
    • Lang, L.1    Stulz, R.2
  • 24
    • 0000495344 scopus 로고
    • Capital structure in repeated oligopolies
    • Maksimovic, V., 1988. "Capital Structure in Repeated Oligopolies," Rand Journal of Economics, 19, 389-407.
    • (1988) Rand Journal of Economics , vol.19 , pp. 389-407
    • Maksimovic, V.1
  • 27
    • 0002564688 scopus 로고
    • Managers' voting rights and corporate control
    • Mikkelson, W., and M. Partch, 1989, "Managers' Voting Rights and Corporate Control," Journal of Financial Economics, 25, 263-290.
    • (1989) Journal of Financial Economics , vol.25 , pp. 263-290
    • Mikkelson, W.1    Partch, M.2
  • 28
    • 0002115661 scopus 로고
    • Dun & Bradstreet, Philadelphia, Pa
    • Million Dollar Directory, 1975-1996, Dun & Bradstreet, Philadelphia, Pa.
    • (1975) Million Dollar Directory
  • 29
    • 0008063642 scopus 로고
    • Dun & Bradstreet, New York
    • Moody's Industrial Manuals, 1977-1994, Dun & Bradstreet, New York.
    • (1977) Moody's Industrial Manuals
  • 30
    • 49449125071 scopus 로고
    • Determinants of corporate borrowings
    • Myers, S., 1977, "Determinants of Corporate Borrowings," Journal of Financial Economics, 9, 147-175.
    • (1977) Journal of Financial Economics , vol.9 , pp. 147-175
    • Myers, S.1
  • 31
    • 84993839712 scopus 로고
    • Financial distress and corporate performance
    • Opler, T., and S. Titman, 1994, "Financial Distress and Corporate Performance," Journal of Finance, 49, 1015-1040.
    • (1994) Journal of Finance , vol.49 , pp. 1015-1040
    • Opler, T.1    Titman, S.2
  • 32
    • 0002110167 scopus 로고
    • Increased debt and industry product markets: An empirical analysis
    • Phillips, G., 1995, "Increased Debt and Industry Product Markets: An Empirical Analysis," Journal of Financial Economics, 37, 189-238.
    • (1995) Journal of Financial Economics , vol.37 , pp. 189-238
    • Phillips, G.1
  • 33
    • 0040250337 scopus 로고    scopus 로고
    • Do asset fire sales exist? an empirical investigation of commercial aircraft transactions
    • Pulvino, T., 1998, "Do Asset Fire Sales Exist? An Empirical Investigation of Commercial Aircraft Transactions," Journal of Finance, 53, 939-978.
    • (1998) Journal of Finance , vol.53 , pp. 939-978
    • Pulvino, T.1
  • 34
    • 0039690981 scopus 로고    scopus 로고
    • Rand McNally & Company, Skokie, Il
    • Rand McNally Zip Code Finder, 1996, Rand McNally & Company, Skokie, Il.
    • (1996) Rand Mcnally Zip Code Finder
  • 35
    • 0011616023 scopus 로고
    • Shareholder-value maximization and product market competition
    • Rotemberg, J., and D. Scharfstein, 1990, "Shareholder-Value Maximization and Product Market Competition," Review of Financial Studies, 3, 367-391.
    • (1990) Review of Financial Studies , vol.3 , pp. 367-391
    • Rotemberg, J.1    Scharfstein, D.2
  • 36
    • 0039657042 scopus 로고    scopus 로고
    • Debt and corporate performance: Evidence from unsuccessful takovers
    • Safieddine, A., and S. Titman, 1999, "Debt and Corporate Performance: Evidence from Unsuccessful Takovers," Journal of Finance, 54, 547-580.
    • (1999) Journal of Finance , vol.54 , pp. 547-580
    • Safieddine, A.1    Titman, S.2
  • 39
    • 84972065982 scopus 로고
    • The impact of managerial ownership on acquisition attempts and target shareholder wealth
    • Song, M., and R. Walking, 1993, "The Impact of Managerial Ownership on Acquisition Attempts and Target Shareholder Wealth," Journal of Financial and Quantitative Analysis, 28, 439-457.
    • (1993) Journal of Financial and Quantitative Analysis , vol.28 , pp. 439-457
    • Song, M.1    Walking, R.2
  • 40
    • 0039054530 scopus 로고    scopus 로고
    • Internal capital markets and the competition for corporate resources
    • Stein, J., 1997, "Internal Capital Markets and the Competition for Corporate Resources," Journal of Finance, 52, 111-133.
    • (1997) Journal of Finance , vol.52 , pp. 111-133
    • Stein, J.1
  • 41
    • 0040877022 scopus 로고
    • Value Line Publishing, New York
    • Value Line Investment Survey, 1975-1996, Value Line Publishing, New York.
    • (1975) Value Line Investment Survey
  • 42
    • 0039690978 scopus 로고
    • Gale Research, New York
    • Wards Business Directory, 1987-1996, Gale Research, New York.
    • (1987) Wards Business Directory
  • 43
    • 0039066439 scopus 로고    scopus 로고
    • Survival of the fittest or the fattest? exit and financing in the trucking industry
    • Zingales, L., 1998, "Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry," Journal of Finance, 53, 905-938.
    • (1998) Journal of Finance , vol.53 , pp. 905-938
    • Zingales, L.1
  • 44
    • 0039690979 scopus 로고
    • Dome Publishing Co., Warwick, RI
    • Zip Code Directory, 1994, Dome Publishing Co., Warwick, RI.
    • (1994) Zip Code Directory


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.