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also developed a summary index of the efficiency of investment allocation that measures whether, and to what extent …, investment funds are going to firms with a higher marginal return to capital. Then it was examined the relationship between this … has led to an increase in the efficiency with which investment funds are allocated. …
Persistent link: https://www.econbiz.de/10010944537
countries. Will these developments improve economic performance in terms of creating jobs, fostering investment, and encouraging …
Persistent link: https://www.econbiz.de/10011514596
banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it …
Persistent link: https://www.econbiz.de/10005822124
We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that …
Persistent link: https://www.econbiz.de/10009209829
cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …
Persistent link: https://www.econbiz.de/10010791316
In this paper we study the impact of different forms of access obligations on firms’ incentives to migrate from the legacy copper network to ultra-fast broadband infrastructures. We analyse three different kinds of regulatory interventions: geographical regulation of access to copper networks...
Persistent link: https://www.econbiz.de/10010721535
firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …
Persistent link: https://www.econbiz.de/10010734428
In this paper, we analyze the incentives of an incumbent and an entrant to migrate from an “old” technology to a “new” technology, and discuss how the terms of wholesale access affect this migration. We show that the coverage of the new technology varies non-monotonically with the access...
Persistent link: https://www.econbiz.de/10011051641
, resulted in lower investment, employment, and bank debt for younger and smaller firms. These effects dominate those of banks … aggregate investment and employment, and to a less efficient resource allocation. …
Persistent link: https://www.econbiz.de/10011132959
structures. The investment return in terms of demand increase is uncertain. We compare the impact of different access regulation … regimes – full regulation, partial regulation (only the copper network is regulated), risk sharing – on investment incentives …
Persistent link: https://www.econbiz.de/10010595118