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Mbt Shoes Calgary,Smbt0762,structures vary across industrial classification This paper

Mbt Shoes Calgary,Smbt0762,structures vary across industrial classification This paper

In this study we attempt to explain the Buy Mbt Shoes Canada cross-sectional variation in the capital structures of non-financial UK companies using Mbt Shoes Calgary proxy variables for characteristics suggested by capital structure theories. We find that non-debt tax shields, asset structure, size and past profitability are related to capital structure in the manner suggested by theory. Earnings volatility is found to be positively related to leverage. This finding, though counter intuitive, is consistent with the hypothesis of Myers (1977) that risky firms may borrow more than safer ones. In addition, we find evidence that capital structures vary across industrial classification. This paper studies the dynamic price competition between two firms that sell horizontally differentiated durable goods and, subsequently, provide exclusive complementary goods and services to their customers. The paper analyzes how optimal pricing strategies are affected by the existence of network effects associated with the size of firms’ consumer base. The interaction is thoroughly analyzed as a continuous time linear–quadratic differential game. We provide a necessary and sufficient condition for the existence of a unique duopoly equilibrium in affine strategies. When this condition holds, we show that optimal pricing strategies crucially depend on the nature of the network effects.
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