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The last two decades have seen a reshaping of the international economy together with a radical weakening in the conditions of the working class. New productive techniques and methods in the organization of labour have been implemented on a world-wide scale partly as a consequence of the...
Persistent link: https://www.econbiz.de/10014473854
In Finance, Investment and Macroeconomics, Myron J. Gordon advances a theory of finance and investment under … arrive at an alternative to the neoclassical theory of investment. Professor Gordon demonstrates that the extension of … new theory of finance and investment which recognizes the problem of bankruptcy when the future is uncertain. It will be …
Persistent link: https://www.econbiz.de/10014473927
economic models -- 4. Investment : liquid real capital versus liquid assets -- 5. Why liquidity preference? -- 6. Financial … markets, liquidity and fast exits -- 7. Planned investment, planned savings, liquidity and economic growth -- 8. Complicating …
Persistent link: https://www.econbiz.de/10011851209
This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment … investment theory, professionals in the financial sector and students of macroeconomics and finance. Investment, Capital Market …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They …
Persistent link: https://www.econbiz.de/10014473824
The amount of physical matter in the world is fixed and improvements to people's material circumstances are only created by their ability to reconfigure this matter. What distinguishes labour, and subsequently what allows for differing increments of value, are our capabilities, skills and...
Persistent link: https://www.econbiz.de/10014473855
This book examines the significance of technological, organisational and institutional change as crucial factors in the analysis of the turnover time of capital. It also studies the related set of theoretical questions that concern the relationship between power, knowledge and time, in the...
Persistent link: https://www.econbiz.de/10014474123
This book provides coherent theoretical and empirical analysis of firms' investment and financing decisions. It … results confirm theoretical precedents. Some firms are indeed financially constrained, for fixed investment as well as for R … in closely controlled companies. In accordance with the real option theory, the results suggest that uncertainty leads …
Persistent link: https://www.econbiz.de/10014474152
capital and interest theory. In the three classic essays featured in this book, Professor Kirzner argues that an Austrian … approach based on the pure time preference theory offers an attractive alternative to both the orthodox neoclassical and the …. This consistent subjectivism makes it possible to present the pure time (Fetter-Mises) preference theory of interest in …
Persistent link: https://www.econbiz.de/10014473975
progress in the theory and practice of family business research. In response to the extensive growth of family business as a … Melin, and Mattias Nordqvist -- The professionalization of family firms : theory and practice / Lucrezia Songini … -- Epilogue : theory building and the survival of family firms : four promising research directions / Shaker A. Zahra, Sabine B …
Persistent link: https://www.econbiz.de/10011850685
Due to financial market imperfections it is imperative to analyse the relationship between financial structure and the monetary policy transmission process in Europe to effectively design and implement European monetary policy. Focusing on the years 1980-1995 and providing empirical evidence for...
Persistent link: https://www.econbiz.de/10014473859