Product market competition and dynamic adjustment in capital structure

The relationship between competition law and capital market in Iran

stock market is run by special regulations. accordingly, analyzing the issues about the relation between the competition law and capital market such as stock market officials and their boundaries in the context of setting, controlling and  enforcing rules, the generality or specificity of such rules, the controllability of stock market in comparison to the general competition rules and the stat...

Market Structure and Price Adjustment in the Iranian Tea Market

Product Market Competition and Trade Union Structure

Trade unions tend to reduce the dispersion of wages among their members. Skilled workers may therefore have an incentive to separate from an encompassing union and organize into a separate craft union. This paper examines a theoretical model to gain insight into the structure of trade unions at a firm. We show that imperfect competition in the product market may drive skilled and unskilled work...

Inter-Industry differences in capital structure and product market competition: Evidence from Iranian companies

The purpose of this paper is to investigate empirically the existence of interindustry differences in the capital structure and product market competition of corporations listed in Tehran Stock Exchange. We study an balanced panel dataset of 603 firm-year observations in 8 industries from 2001 to 2009. The technique used for this is one way analysis of variance. Employing this parametric method...

Outsourcing with Long Term Contracts: Capital Structure and Product Market Competition Effects

This paper analyzes how capital structure and product market competition affect the firms’ choice between outsourcing with long term contracts and outsourcing to the spot market. When outsourcing to the spot market firms are exposed to price uncertainty, whereas a long term contract allows them to set in advance the outsourcing price. We show that, to the extent that leverage and uncertainty ca...