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)|
|Number of pages||7|
|State||Published - Dec 19 1997|
- Financial distress
- Internal funding
ASJC Scopus subject areas
- Economics and Econometrics