This study introduces a real option model to investigate how fiscal policy affects a representative firm's investment decision and to measure its welfare effects. On the one hand, the effects of financial instability on the optimal investment timing and on the probability of default are studied....

Innovative startups are frequently acquired by large incumbent firms. On the one hand, these acquisitions provide an incentive for startup creation and may transfer ideas to more efficient users. On the other hand, incumbents might acquire startups just to "kill" their ideas, and acquisitions...

Why do some foreign nationalities seem to have entrepreneurial initiatives and others don't? Why do certain foreign communities tend to build an ethnic economy, and others melt in the economy of the reception country? The analysis made so far of the modes of incorporation of the different...