Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry
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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
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美国国家经济研究局创建时间：
1997-11-01
