Sequential Investment, Hold-up, and Ownership Structure
We construct a sequential investment model to investigate individual firms’ strategic choices of organizational forms when outsourcing their intermediate products. Our results indicate that as a result of the encouragement effect of sequential complementary investments, sequential investment allevia...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2014
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/1480 https://ink.library.smu.edu.sg/context/soe_research/article/2479/viewcontent/SequentialHoldup_theory.pdf |
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| Institution: | Singapore Management University |
| Language: | English |