Abstract
The role of aggressive pricing as a source of internal funding is studied. We find that during recessions, excepting the 1990-1 recession, smaller-firm industries reduce markups more than large-firm industries, moreover, markup reductions increase in inventory intensity.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 275-281 |
| Number of pages | 7 |
| Journal | Economics Letters |
| Volume | 57 |
| Issue number | 3 |
| State | Published - Dec 19 1997 |
Keywords
- Financial distress
- Internal funding
- Inventories
- Pricing
ASJC Scopus subject areas
- Finance
- Economics and Econometrics