Pastor-Agustín, Gema; Ramírez-Alesón, Marisa; … - In: Emerging Markets Finance and Trade 47 (2011) 11, pp. 25-39
This paper analyzes which simultaneous crossover effects among tangible, intangible, and current assets affect investment and disinvestment decisions on tangible and intangible assets. Controlling for nonconvexity and irreversibility effects, we analyze investment and disinvestment over 1,044...