Corporate finance, innovation, and strategic competition:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Berlin u.a.
Springer
2003
|
| Series: | Lecture notes in economics and mathematical systems
522 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Zugl.: Tübingen, Univ., Diss. |
| Physical Description: | IX, 218 S. graph. Darst. |
| ISBN: | 3540442944 |
Staff View
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| 100 | 1 | |a Neff, Cornelia |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Corporate finance, innovation, and strategic competition |c Cornelia Neff |
| 264 | 1 | |a Berlin u.a. |b Springer |c 2003 | |
| 300 | |a IX, 218 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
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| 490 | 1 | |a Lecture notes in economics and mathematical systems |v 522 | |
| 500 | |a Zugl.: Tübingen, Univ., Diss. | ||
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| 650 | 7 | |a Informatie |2 gtt | |
| 650 | 7 | |a Onvolledige concurrentie |2 gtt | |
| 650 | 7 | |a Vernieuwing |2 gtt | |
| 650 | 4 | |a Competition | |
| 650 | 4 | |a Corporations |x Finance | |
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Record in the Search Index
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| adam_text | Table of contents
1 Introduction 1
2 Financial structure and strategic competition 4
2.1 Financial structure decision of an individual firm 5
2.1.1 Modigliani Miller proposition 5
2.1.2 Theories of optimal capital structure 6
2.2 Financial structure and product market competition 7
2.2.1 Optimal capital structure in a static framework 8
2.2.1.1 Limited liability effect and price competition 8
2.2.1.2 Limited liability effect and price and capacity
competition 14
2.2.2 Capital structure in a dynamic framework 22
2.2.2.1 Price competition and long term debt 22
2.2.2.2 Impact of consumer switching costs 27
2.2.2.3 Product quality and long term debt 29
2.2.2.4 Predatory pricing 34
2.2.2.5 Summary 35
2.2.3 Capital structure and market entry 36
2.2.3.1 Assumptions 36
2.2.3.2 Output stage 39
2.2.3.3 Financial stage 41
2.2.3.4 Discussion 41
2.3 Empirical findings 42
2.4 Conclusion 43
3 Credit financing and strategic competition 46
3.1 Introduction: Contract theory 47
3.1.1 General ideas and definitions 47
3.1.2 The revelation principle 48
3.2 Credit financing: The individual firm bank relationship 49
3.2.1 Moral hazard 50
3.2.1.1 Costly state verification and standard debt contract 50
3.2.1.2 Renegotiation of the standard debt contract 54
VIII Table of contents
1
3.2.2 Multi period credit contracting fj
3.2.2.1 Dynamic moral hazard II
3.2.2.2 Long term contracting when costly state ,!
verification is not possible 51
3.2.3 Discussion 6l
3.3 Credit financing and product market competition 62
3.3.1 Credit financing and price competition 63
3.3.1.1 Credit financing, price competition, and consumer
switching cost 63
3.3.1.2 Credit financing, market power of banks, and price
competition 69
3.3.2 Credit financing, innovation, and product market
competition 76
3.3.2.1 Introduction 76
3.3.2.2 A dynamic game of innovation and price
competition 77
3.3.2.3 Optimal debt contract for one externally financed
firm 87
3.3.2.4 Optimal contracts when both firms need external
debt financing 94
3.3.2.5 Predation 100
3.3.3 Discussion 101
3.4 Conclusion 103
3.5 Appendix 104
4 Venture capital financing and strategic competition 106
4.1 Introduction 107
4.1.1 The financial growth cycle 107
4.1.2 Characteristics of venture capital financing 11°
4.2 Venture capital financing the individual firm s perspective 113
4.2.1 Allocation of control rights 1H
4.2.1.1 Assignment of control rights H4
4.2.1.2 The search for a professional management 122
4.2.1.3 Efficient intervention by the venture capitalist 123
4.2.1.4 Discussion 125
4.2.2 Allocation of ownership rights 125
4.2.2.1 Moral hazard and financial instruments 126
4.2.2.2 Double moral hazard 129
4.2.2.3 Contracting with a venture capitalist and an outside
investor 135
4.2.2.4 Dynamic contracting, moral hazard, and learning.. 141
4.2.2.5 Discussion 150
Table of contents IX
4.3 Venture capital financing and product market competition 151
4.3.1 Assumptions 153
4.3.1.1 The basic model 157
4.3.1.2 Innovation, entry, and competition in a two period
framework 158
4.3.2 Venture capital contracting 161
4.3.2.1 Short term contracting 162
4.3.2.2 Long term contracting 168
4.3.2.3 Discussion of the results 176
4.3.3 Strategic reactions of the incumbent 178
4.3.3.1 Innovation and cost reduction 178
4.3.3.2 Predation 184
4.3.4 Discussion 189
4.4 Conclusion 191
4.5 Appendix 192
5 Conclusion 200
References 207
Figures 214
Tables 215
List of symbols 216
|
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| discipline | Mathematik Wirtschaftswissenschaften |
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| indexdate | 2024-07-09T19:07:34Z |
| institution | BVB |
| isbn | 3540442944 |
| language | English |
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| series2 | Lecture notes in economics and mathematical systems |
| spelling | Neff, Cornelia Verfasser aut Corporate finance, innovation, and strategic competition Cornelia Neff Berlin u.a. Springer 2003 IX, 218 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Lecture notes in economics and mathematical systems 522 Zugl.: Tübingen, Univ., Diss. Bedrijfsfinanciering gtt Industriële organisatie gtt Informatie gtt Onvolledige concurrentie gtt Vernieuwing gtt Competition Corporations Finance Innovation (DE-588)4027089-0 gnd rswk-swf Corporate Finance (DE-588)4269795-5 gnd rswk-swf Transaktionskostenansatz (DE-588)4206592-6 gnd rswk-swf Unternehmen (DE-588)4061963-1 gnd rswk-swf Wettbewerbsstrategie (DE-588)4200234-5 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Unternehmen (DE-588)4061963-1 s Innovation (DE-588)4027089-0 s Corporate Finance (DE-588)4269795-5 s Wettbewerbsstrategie (DE-588)4200234-5 s Transaktionskostenansatz (DE-588)4206592-6 s DE-604 Lecture notes in economics and mathematical systems 522 (DE-604)BV000000036 522 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010026902&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Neff, Cornelia Corporate finance, innovation, and strategic competition Lecture notes in economics and mathematical systems Bedrijfsfinanciering gtt Industriële organisatie gtt Informatie gtt Onvolledige concurrentie gtt Vernieuwing gtt Competition Corporations Finance Innovation (DE-588)4027089-0 gnd Corporate Finance (DE-588)4269795-5 gnd Transaktionskostenansatz (DE-588)4206592-6 gnd Unternehmen (DE-588)4061963-1 gnd Wettbewerbsstrategie (DE-588)4200234-5 gnd |
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| title | Corporate finance, innovation, and strategic competition |
| title_auth | Corporate finance, innovation, and strategic competition |
| title_exact_search | Corporate finance, innovation, and strategic competition |
| title_full | Corporate finance, innovation, and strategic competition Cornelia Neff |
| title_fullStr | Corporate finance, innovation, and strategic competition Cornelia Neff |
| title_full_unstemmed | Corporate finance, innovation, and strategic competition Cornelia Neff |
| title_short | Corporate finance, innovation, and strategic competition |
| title_sort | corporate finance innovation and strategic competition |
| topic | Bedrijfsfinanciering gtt Industriële organisatie gtt Informatie gtt Onvolledige concurrentie gtt Vernieuwing gtt Competition Corporations Finance Innovation (DE-588)4027089-0 gnd Corporate Finance (DE-588)4269795-5 gnd Transaktionskostenansatz (DE-588)4206592-6 gnd Unternehmen (DE-588)4061963-1 gnd Wettbewerbsstrategie (DE-588)4200234-5 gnd |
| topic_facet | Bedrijfsfinanciering Industriële organisatie Informatie Onvolledige concurrentie Vernieuwing Competition Corporations Finance Innovation Corporate Finance Transaktionskostenansatz Unternehmen Wettbewerbsstrategie Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010026902&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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