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) |
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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