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The choice of the firm's market environment is one of the fundamental decisions of firm founders. We study the pre-entry generation of founders' market choice sets by investigating their search for market opportunities in which the firm's technological res ...
We use a dynamic cash management model in which firms face competitive pressure to show that product market competition increases the cash holdings as well as the size and frequency of equity issues of financially constrained firms. We test these predictio ...
The resource-based view suggests that firms' heterogeneous resource endowments are important for explaining interfirm performance differences. To date, however, the literature provides little insight on the factors that shape the identification of markets ...
Several regulatory changes in Europe's electricity sector have stimulated competition in the market. National power companies, with monopolistic structures, have evolved into competitive entities, creating increased choices for consumers. Electricity price ...
This dissertation consists of three chapters. The first chapter empirically investigates how the intensity of product market competition affects the cost of debt. Using a large sample of loans to publicly traded US manufacturing firms, the chapter provides ...
In the actual market conditions, where it is essential to rapidly respond to business opportunities that might emerge, the concept of virtual organisation (VO) appears particularly well suited. The possibility of rapidly forming a VO to respond to a busine ...
This communication presents a review of the developments carried out towards the electromagnetic modeling, design and practical implementation of the basic building block of a planar antenna for the reception of Ku-band satellite broadcasting services from ...
Standard innovation surveys do not consider incoming spillovers for non-innovative firms. As a consequence, usual empirical works may overestimate the absorptive capacity effect, particularly among competitors. The Swiss innovation surveys presented here m ...
In recent decades, the European postal industry has undergone profound reforms, which aim to promote competition while simultaneously maintaining a high level of universal services for consumers. It is often put forth that market opening and the emergence ...
Starting a new venture is arguably an exciting journey into previously unknown territories. Since entrepreneurs, through their economic activities, are central to social prosperity, academic research has a strong interest to understand who those entreprene ...
