Aggressive pricing as a source of funding

被引：1
|
作者：
Hendel, I [1 ]
机构：
[1] Princeton Univ, Dept Econ, Princeton, NJ 08544 USA
来源：
ECONOMICS LETTERS | 1997年 / 57卷 / 03期
关键词：
financial distress; internal funding; inventories; pricing; EMPIRICAL-ANALYSIS; BEHAVIOR;
D O I：
10.1016/S0165-1765(97)00010-4
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The role of aggressive pricing as a source of internal funding is studied. We find that during recessions, excepting the 1990-1 recession, smaller-firm industries reduce markups more than large-firm industries, moreover, markup reductions increase in inventory intensity. (C) 1997 Elsevier Science S.A.
引用
收藏
页码：275 / 281
页数：7
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