Capital structure, product differentiation and monopoly power: a panel method approach

Abstract

Explains the links between R&D investment, product differentiation and monopoly power, referring to previous research; and argues that internal financing of R&D creates even more competitive advantage. Develops mathematical models and applies them to 1990‐1996 data for a panel of 40 Greek firms and presents the results. Suggests that firms do use R&D to create entry barriers regardless of industry, that internally financed firms are more profitable but that these impacts may vary between individual firms.

Citation

Frangouli, Z. (2002), "Capital structure, product differentiation and monopoly power: a panel method approach", Managerial Finance, Vol. 28 No. 5, pp. 59-65. https://doi.org/10.1108/03074350210767870