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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Bibliographic Details

Published in:	RAND Journal of Economics (Wiley-Blackwell) Vol. 50; no. 3; pp. 532 - 568
Main Authors:	Fromenteau, Philippe, Schymik, Jan, Tscheke, Jan
Format:	Article
Published:	Wiley-Blackwell Fall2019
Subjects:	International competition Economic competition Industrial productivity Investments Durability
Online Access:	View this record in EBSCOhost