Corporate Finance, Innovation, and Strategic Competition
- PDF / 10,936,463 Bytes
- 230 Pages / 439.37 x 666.14 pts Page_size
- 83 Downloads / 231 Views
522
Founding Editors: M. Beckmann H. P. KOnzi Managing Editors: Prof. Dr. G. Fandel Fachbereich Wirtschaftswissenschaften Femuniversitat Hagen Feithstr. 140/AVZ II, 58084 Hagen, Germany Prof. Dr. W. Trockel Institut fUr Mathematische Wirtschaftsforschung (IMW) Universitat Bielefeld Universitatsstr. 25, 33615 Bielefeld, Germany Co-Editors:
C. D. Aliprantis Editorial Board: A. Basile, A. Drexl, G. Feichtinger, W. GOth, K. Inderfurth, P. Korhonen, W. KOrsten, U. Schittko, P. SchOnfeld, R. Selten, R. Steuer, F. Vega-Redondo
Springer-Verlag Berlin Heidelberg GmbH
Comelia Neff
Corporate Finanee, Innovation, and Strategie Competition
Springer
Author Dr. Comelia NetT ING BHF-BANK AG Bockenheimer Landstr. 10 60323 Frankfurt/Main Germany
Cataloging-in-Publication Data applied for Bibliographie information published by Die Deutsche Bibliothek Die Deutsche Bibliothek lists this publication in the Deutsche Nationalbibliografie; detailed bibliographie data is available in the Internet at http://dnb.ddb.de
ISSN 0075-8450 ISBN 978-3-540-44294-3 ISBN 978-3-642-55690-6 (eBook) DOI 10.1007/978-3-642-55690-6 This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concemed, specifically the rights of translation, reprinting, re-use of illustrations, recitation, broadcasting, reproduction on microfilms or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitteel only under the provisions of the German Copyright Law of September 9, 1965, in its current version, anel permission for use must always be obtaineel from Springer-Verlag. Violations are liable for prosecution uneler the German Copyright Law.
http://www.springer.de
© Springer-Verlag Berlin Heidelberg 2003 Originally published by Springer-Verlag Berlin Heidelberg New York in 2003 The use of general descriptive names, registered names, traelemarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations anel therefore free for general use. Typesetting: Camera ready by author Cover design: Erich Kirchner, Heidelberg Printeel on acid-free paper
SPIN: 10893968
55/3142/du
543210
Preface
Industrial organization considers strategic behavior of firms in the product market. Firms compete in prices and invest in innovation activities in order to gain market shares. In this book I will investigate the financial decisions of innovative firms if financial markets are imperfect due to asymmetric information. I will demonstrate how financial market imperfections interact with strategic competition of firms in the product market. The tool to analyze these strategic interactions is noncooperative game theory. This book was written while I was assistant professor at the department of economic theory at the University of Tlibingen. I wish to thank my supervisor Manfred Stadler for having suggested this interesting research subject. He introduced me to the exciting field of indu
Data Loading...
