Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?

This article is an extension of the work of Martin (2003) and it examines whether firms use debt strategically to stop entry of potential rivals in their industry. By using Generalized Method of Moments estimation (GMM), we evaluate the effects of assets, market share and size as proxies for market...

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Detalles Bibliográficos
Autor Principal: Gamboa, L.F.
Formato: Artículo (Article)
Publicado: Universidad Nacional de Colombia 2008
Materias:
GMM
Acceso en línea:https://repository.urosario.edu.co/handle/10336/24797
id ir-10336-24797
recordtype dspace
spelling ir-10336-247972020-06-11T13:21:16Z Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period? Endeudamiento: ¿Una estrategia empresarial para establecer barreras a la entrada en Colombia durante 1995-2003? Gamboa, L.F. Debt Entry deterrence GMM This article is an extension of the work of Martin (2003) and it examines whether firms use debt strategically to stop entry of potential rivals in their industry. By using Generalized Method of Moments estimation (GMM), we evaluate the effects of assets, market share and size as proxies for market revenue, and the entry barriers due to indebtedness levels. Our data uses firmlevel information for Colombia from 1995-2003, and we introduce a dummy variable for taking into account the industrial effect. We find that firms use assets to limit entry and that indebtedness decreases as firms increase their market share. 2008 2020-06-11T13:21:16Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://repository.urosario.edu.co/handle/10336/24797 info:eu-repo/semantics/closedAccess application/pdf Universidad Nacional de Colombia instname:Universidad del Rosario reponame:Repositorio Institucional EdocUR
institution EdocUR - Universidad del Rosario
collection DSpace
topic Debt
Entry deterrence
GMM
spellingShingle Debt
Entry deterrence
GMM
Gamboa, L.F.
Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
description This article is an extension of the work of Martin (2003) and it examines whether firms use debt strategically to stop entry of potential rivals in their industry. By using Generalized Method of Moments estimation (GMM), we evaluate the effects of assets, market share and size as proxies for market revenue, and the entry barriers due to indebtedness levels. Our data uses firmlevel information for Colombia from 1995-2003, and we introduce a dummy variable for taking into account the industrial effect. We find that firms use assets to limit entry and that indebtedness decreases as firms increase their market share.
format Artículo (Article)
author Gamboa, L.F.
author_facet Gamboa, L.F.
author_sort Gamboa, L.F.
title Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
title_short Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
title_full Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
title_fullStr Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
title_full_unstemmed Indebtedness: An entrepreneurial strategy to establish barriers to entry in Colombia in the 1995-2003 period?
title_sort indebtedness: an entrepreneurial strategy to establish barriers to entry in colombia in the 1995-2003 period?
publisher Universidad Nacional de Colombia
publishDate 2008
url https://repository.urosario.edu.co/handle/10336/24797
_version_ 1674171690775478272
score 11,828437