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dc.contributor.authorChowdhury, Jaideepen_US
dc.date.accessioned2014-03-14T20:18:40Z
dc.date.available2014-03-14T20:18:40Z
dc.date.issued2008-11-05en_US
dc.identifier.otheretd-11172008-150051en_US
dc.identifier.urihttp://hdl.handle.net/10919/29636
dc.description.abstractThe Industrial Organization literature investigates the product market decisions of a firm while the corporate finance literature explores the financing decisions of the firm. But the truth is both the financing decisions and the product market decisions are interdependent and should be modeled together to develop a better understanding of a firm's decisions. This thesis takes a step in that direction. The manager of a firm caters to the equity holders of the firm who are protected by limited liability. Ex-ante debt is issued and at the time of product market decision, debt is exogenous. The traditional product market capital market interaction literature has argued that debt financing leads to more aggressive product market strategies. If debt is treated as endogenous and/or the switching state of nature is endogenous, it can be shown that debt financing may lead to less aggressive product market strategies. Further, if external financing consists of both debt and equity financing, it is shown that a financially constrained firm shall produce less than what it would have produced if it was not financially constrained. Finally, managerial compensation is reported to be one of the reasons for product market aggressiveness of a firm in the context of product market capital market interaction.en_US
dc.publisherVirginia Techen_US
dc.relation.haspartEcon_Thesis_final1.pdfen_US
dc.rightsI hereby certify that, if appropriate, I have obtained and attached hereto a written permission statement from the owner(s) of each third party copyrighted matter to be included in my thesis, dissertation, or project report, allowing distribution as specified below. I certify that the version I submitted is the same as that approved by my advisory committee. I hereby grant to Virginia Tech or its agents the non-exclusive license to archive and make accessible, under the conditions specified below, my thesis, dissertation, or project report in whole or in part in all forms of media, now or hereafter known. I retain all other ownership rights to the copyright of the thesis, dissertation or project report. I also retain the right to use in future works (such as articles or books) all or part of this thesis, dissertation, or project report.en_US
dc.subjectCapital Marketsen_US
dc.subjectFinancial Constraintsen_US
dc.subjectExecutive Compensationen_US
dc.subjectProduct Marketsen_US
dc.titleThree Essays on Product Market Capital Market Interactionsen_US
dc.typeDissertationen_US
dc.contributor.departmentEconomicsen_US
dc.description.degreePh. D.en_US
thesis.degree.namePh. D.en_US
thesis.degree.leveldoctoralen_US
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen_US
thesis.degree.disciplineEconomicsen_US
dc.contributor.committeechairHaller, Hans H.en_US
dc.contributor.committeememberAshley, Richard A.en_US
dc.contributor.committeememberZhou, Joe Yangen_US
dc.contributor.committeememberPatterson, Douglas M.en_US
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-11172008-150051/en_US
dc.date.sdate2008-11-17en_US
dc.date.rdate2008-12-10
dc.date.adate2008-12-10en_US


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