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Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry

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NBER1997-11-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w6273
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资源简介:
This paper studies the impact that capital market imperfections have on the natural" selection of the most efficient firms by estimating the effect of the pre-deregulation level of" leverage on the survival of trucking firms after the Carter deregulation. Highly leveraged" carriers are less likely
提供机构:
美国国家经济研究局
创建时间:
1997-11-01
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