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- W3124772297 abstract "I compare the U.S. capacity expansion decisions of public and private producers of 7 commodity chemicals from 1989 to 2006. I find that private firms invest differently than public firms. Private firms are more likely than public firms to increase capacity prior to a positive demand shock (an increase in price and quantity) and less likely to increase capacity before a negative demand shock. Potential mechanisms include public firm overextrapolation of past demand shocks and agency problems arising from greater separation between ownership and control." @default.
- W3124772297 created "2021-02-01" @default.
- W3124772297 creator A5065860989 @default.
- W3124772297 date "2019-08-09" @default.
- W3124772297 modified "2023-10-16" @default.
- W3124772297 title "Do Public and Private Firms Behave Differently? An Examination of Investment in the Chemical Industry" @default.
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- W3124772297 doi "https://doi.org/10.1017/s0022109019000541" @default.
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