Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?

This article is an extension of the work of Martin (2003) and it examines whether firms use debt strategically to stop entry of potential rivals in their industry. By using Generalized Method of Moments estimation (GMM), we evaluate the effects of assets, market share and size as proxies for market...

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Autores:
Tipo de recurso:
Fecha de publicación:
2008
Institución:
Universidad del Rosario
Repositorio:
Repositorio EdocUR - U. Rosario
Idioma:
spa
OAI Identifier:
oai:repository.urosario.edu.co:10336/24797
Acceso en línea:
https://repository.urosario.edu.co/handle/10336/24797
Palabra clave:
Debt
Entry deterrence
GMM
Rights
License
Bloqueado (Texto referencial)
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repository_id_str
spelling 838716f3-f372-4e0f-b4d5-9f1c7fcf256c-12020-06-11T13:21:16Z2020-06-11T13:21:16Z2008This article is an extension of the work of Martin (2003) and it examines whether firms use debt strategically to stop entry of potential rivals in their industry. By using Generalized Method of Moments estimation (GMM), we evaluate the effects of assets, market share and size as proxies for market revenue, and the entry barriers due to indebtedness levels. Our data uses firmlevel information for Colombia from 1995-2003, and we introduce a dummy variable for taking into account the industrial effect. We find that firms use assets to limit entry and that indebtedness decreases as firms increase their market share.application/pdfhttps://repository.urosario.edu.co/handle/10336/24797spaUniversidad Nacional de Colombia285No. 48267Cuadernos de EconomiaVol. 27Cuadernos de Economia, ISSN:, Vol.27, No.48 (2008); pp. 267-285https://www.scopus.com/inward/record.uri?eid=2-s2.0-70350599783&partnerID=40&md5=a848a2cef4876e51c96e99e56ff1f02aBloqueado (Texto referencial)http://purl.org/coar/access_right/c_14cbinstname:Universidad del Rosarioreponame:Repositorio Institucional EdocURDebtEntry deterrenceGMMIndebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?Endeudamiento: ¿Una estrategia empresarial para establecer barreras a la entrada en Colombia durante 1995-2003?articleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501Gamboa, L.F.10336/24797oai:repository.urosario.edu.co:10336/247972021-06-03 00:50:35.553https://repository.urosario.edu.coRepositorio institucional EdocURedocur@urosario.edu.co
dc.title.spa.fl_str_mv Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
dc.title.TranslatedTitle.spa.fl_str_mv Endeudamiento: ¿Una estrategia empresarial para establecer barreras a la entrada en Colombia durante 1995-2003?
title Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
spellingShingle Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
Debt
Entry deterrence
GMM
title_short Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
title_full Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
title_fullStr Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
title_full_unstemmed Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
title_sort Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
dc.subject.keyword.spa.fl_str_mv Debt
Entry deterrence
GMM
topic Debt
Entry deterrence
GMM
description This article is an extension of the work of Martin (2003) and it examines whether firms use debt strategically to stop entry of potential rivals in their industry. By using Generalized Method of Moments estimation (GMM), we evaluate the effects of assets, market share and size as proxies for market revenue, and the entry barriers due to indebtedness levels. Our data uses firmlevel information for Colombia from 1995-2003, and we introduce a dummy variable for taking into account the industrial effect. We find that firms use assets to limit entry and that indebtedness decreases as firms increase their market share.
publishDate 2008
dc.date.created.spa.fl_str_mv 2008
dc.date.accessioned.none.fl_str_mv 2020-06-11T13:21:16Z
dc.date.available.none.fl_str_mv 2020-06-11T13:21:16Z
dc.type.eng.fl_str_mv article
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.spa.spa.fl_str_mv Artículo
dc.identifier.uri.none.fl_str_mv https://repository.urosario.edu.co/handle/10336/24797
url https://repository.urosario.edu.co/handle/10336/24797
dc.language.iso.none.fl_str_mv spa
language spa
dc.relation.citationEndPage.none.fl_str_mv 285
dc.relation.citationIssue.none.fl_str_mv No. 48
dc.relation.citationStartPage.none.fl_str_mv 267
dc.relation.citationTitle.none.fl_str_mv Cuadernos de Economia
dc.relation.citationVolume.none.fl_str_mv Vol. 27
dc.relation.ispartof.spa.fl_str_mv Cuadernos de Economia, ISSN:, Vol.27, No.48 (2008); pp. 267-285
dc.relation.uri.spa.fl_str_mv https://www.scopus.com/inward/record.uri?eid=2-s2.0-70350599783&partnerID=40&md5=a848a2cef4876e51c96e99e56ff1f02a
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_14cb
dc.rights.acceso.spa.fl_str_mv Bloqueado (Texto referencial)
rights_invalid_str_mv Bloqueado (Texto referencial)
http://purl.org/coar/access_right/c_14cb
dc.format.mimetype.none.fl_str_mv application/pdf
dc.publisher.spa.fl_str_mv Universidad Nacional de Colombia
institution Universidad del Rosario
dc.source.instname.spa.fl_str_mv instname:Universidad del Rosario
dc.source.reponame.spa.fl_str_mv reponame:Repositorio Institucional EdocUR
repository.name.fl_str_mv Repositorio institucional EdocUR
repository.mail.fl_str_mv edocur@urosario.edu.co
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