Feedback and Contagion through Distressed Competition
收藏NBER2023-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w30841
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Firms tend to compete more aggressively in financial distress; this intensified competition, in turn, reduces profit margins, pushing themselves further into distress and adversely affecting their industry peers. To study such feedback and contagion effects, we incorporate strategic competition into
企业在遭遇财务困境（financial distress）时往往会采取更为激进的竞争策略；此种加剧的竞争将反过来压缩企业利润率，使其进一步陷入财务困境，同时对其行业同行产生不利影响。为研究此类反馈与传染效应，我们将战略竞争（strategic competition）纳入
提供机构：
美国国家经济研究局
创建时间：
2023-01-01
