Aggressive pricing as a source of funding

Igal Hendel*

*Corresponding author for this work

Research output: Contribution to journalArticle

1 Scopus citations

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 languageEnglish (US)
Pages (from-to)275-281
Number of pages7
JournalEconomics Letters
Volume57
Issue number3
StatePublished - Dec 19 1997

Keywords

  • Financial distress
  • Internal funding
  • Inventories
  • Pricing

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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