Moretto M., Panteghini P. M. (2007)

Preemption, start-up decisions and the firms’ capital structure. Economics Bulletin, AccessEcon, vol. 4(39), pages 1-14.



In this article, we analyse the interactions between financial and start-up decisions in an oligopolistic framework, where firms compete to enter a new market. We show that preemption can substantially reduce the negative effects of credit rationing on start-up investment decisions.