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This essay surveys the body of research that asks how the efficiency of corporate investment is influenced by problems … that the marginal return to investment in firm i is the same as the marginal return to investment in firm j? Second, do … capital budgeting process get within-firm allocations right, so that the marginal return to investment in firm i's division A …
Persistent link: https://www.econbiz.de/10012470382
This paper is a contribution to the small but growing literature that compares the investment and R&D behavior of … of a simple error-corrected investment model for both ordinary investment and for R&D investment, a model that … incorporates both output (sales or turnover) and cash flow as predictors for investment. Our focus is on two comparisons: France …
Persistent link: https://www.econbiz.de/10012470693
, progressive taxation as well as investment and output subsidies to the entrepreneurial sector …
Persistent link: https://www.econbiz.de/10012470760
chosen to reproduce the nonlinear relationship between investment and profitability that we uncover in the plant-level data …
Persistent link: https://www.econbiz.de/10012470812
monetary policy analysis, but usually with capital and investment treated as exogenous a significant restriction. This paper … demonstrates that investment decisions can be endogenized without undue complexity in such models and that these can be calibrated …
Persistent link: https://www.econbiz.de/10012470829
. This model generates dynamic relationships between foreign capital inflows, domestic investment and domestic bank debt in … accumulation of bank debt and increasing concentration of domestic lending and investment to the anticipation of contingent …
Persistent link: https://www.econbiz.de/10012470835
returns on those investments) has important implications for the saving, investment, and entry decisions of continuing and … potential entrepreneurs. These effects are similar in spirit to the role played by costly external financing on investment by … conclusion that entrepreneurial saving and investment decisions are interdependent raises three areas for future research: (1 …
Persistent link: https://www.econbiz.de/10012470843
With fixed costs of participating in the stock market, consumers with high income will participate in the stock market, but consumers with lower income will not participate. If a fully-funded defined-contribution social security system tries to exploit the equity premium by selling a dollar of...
Persistent link: https://www.econbiz.de/10012471011
In the presence of asymmetric information, the stage at which financing decisions are made about investment projects in … channeling savings into investment. This paper compares the implications of two extreme cases regarding the information possessed …
Persistent link: https://www.econbiz.de/10012471014
This paper assesses different organizational forms in terms of their ability to generate information about investment …
Persistent link: https://www.econbiz.de/10012471056