Money as a weapon: Financing a winner-take-all competition
(2020)
Journal Article
Banerji, S., & Fang, D. (2021). Money as a weapon: Financing a winner-take-all competition. Journal of Corporate Finance, 66, Article 101783. https://doi.org/10.1016/j.jcorpfin.2020.101783
We study capital structure of pioneering startup firms who are often credited with opening of new markets and niches in the digital era and often face the threat of potential entry of successful, cash-rich firms from adjacent markets. Our analysis is... Read More about Money as a weapon: Financing a winner-take-all competition.