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How Do Capital Markets Influence Product Market Competition?

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  • Michael Riordan

Abstract

This article is the written version of the author's keynotepresentation to the inaugural International IndustrialOrganization Conference held in Boston on April 4–5, 2003.It summarizes selectively a literature on the interaction betweenthe capital and product markets at the nexus of industrialorganization and corporate finance, and develops two key insights.First, capital market constraints on an individual firm aredetermined at the level of the industry and depend on productmarket competition. Second, capital markets constrain the productstrategy of firms and thereby influence product market performance. Copyright Kluwer Academic Publishers 2003

Suggested Citation

  • Michael Riordan, 2003. "How Do Capital Markets Influence Product Market Competition?," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 23(3), pages 179-191, December.
    • Handle: RePEc:kap:revind:v:23:y:2003:i:3:p:179-191
    DOI: 10.1023/B:REIO.0000031370.88761.7d
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    Cited by:

    1. Magali Pedro Costa & Cesaltina Maria Pacheco Pires, 2014. "Capital Structure, Product Market Competition and Default Risk," CEFAGE-UE Working Papers 2014_14, University of Evora, CEFAGE-UE (Portugal).
    2. Christopher M. Snyder, 2003. "Introduction to the 2003 International Industrial Organization Conference Special Issue," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 23(3_4), pages 175-177, December.
    3. Hanying Qi, 2019. "A New Literature Review on Financialization," Journal of Accounting, Business and Finance Research, Scientific Publishing Institute, vol. 7(2), pages 40-50.

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