I examine the effect of product market competition on the yield spread of corporate bonds. I
find that firms that face more competitive threats also face a higher cost of corporate bond …

In this paper, we unveil a disregarded benefit of product market competition for firms. We
introduce the probability of bankruptcy in a simple model where firms compete à la Cournot …

In a model where firms rely on bank financing to build capacity, put up specialized
productive assets as collateral, and then compete à la Cournot, we introduce a probability of …

In a model where firms rely on bank financing to build capacity, put up specialized
productive assets as collateral, and then competea la Cournot, we introduce a probability of …

In this paper, we unveil a disregarded benefit of product market competition for small and
medium enterprises (SMEs). In a model where firms are financed through collateralized …

This paper presents a model where bank credit depends upon borrowers' product market
structure. We show that a larger number of competitors in the industry may increase credit …