Browsing by Subject "Cartels"

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    • Capital structure under collusion 

      Ferrés, Daniel; Ormazabal, Gaizka; Povel, Paul; Sertsios, Giorgio (Elsevier, 2021)

    • Capital structure under collusion 

      Ferrés, Daniel; Ormazabal, Gaizka; Povel, Paul; Sertsios, Giorgio (Universidad de Montevideo, Facultad de Ciencias Empresariales y Economía, Departamento de Economía, 2016)
      We study the financial leverage of firms that collude by forming a cartel. We find that cartel firms have lower leverage ratios during collusion periods, consistent with the idea that reductions in ...