Foreign competition and the durability of US firm investments.

How does the exposure to product market competition affect the investment horizon of firms? We study if firms have an incentive to shift investments toward more short‐term assets when exposed to tougher competition. Based on a stylized firm investment model, we derive a within‐firm estimator using v...

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Publicado en:	RAND Journal of Economics (Wiley-Blackwell) Vol. 50; no. 3; pp. 532 - 568
Autores principales:	Fromenteau, Philippe, Schymik, Jan, Tscheke, Jan
Formato:	Artículo
Publicado:	Wiley-Blackwell Fall2019
Materias:	International competition Economic competition Industrial productivity Investments Durability
Acceso en línea:	Ver este registro en EBSCOhost