The ____hypothesis posits that a firm may choose low leverage as a competitive strategy to squeeze other, more highly levered, firms out of its industry.

Name: The ____hypothesis posits that a firm may choose low leverage as a competitive strategy to squeeze other, more highly levered, firms out of its industry.
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The "having a long-purse" hypothesis suggests that a firm may maintain low leverage to outlast competitors with higher leverage, using its financial flexibility as a competitive advantage.

The ____Hypothesis Posits That a Firm May Choose Low Leverage