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Collateral and own capital have resurfaced only recently in economic literature as subjects of economic theory without … and own capital is partly due to classical and neoclassical economics ignoring an eminent mercantilist author and his … touching upon the essence of property its capacity to be burdened and encumbered; that is, to be collateralised. This will be …
Persistent link: https://www.econbiz.de/10013160252
An analysis of the circumstances in which a claimant may use an implied trust to claim an equitable share in land, especially in the light of Lloyd's Bank p.l.c. v. Rosset [1990] 2 W.L.R. 867. This House of Lords decision provides a defined analytical framework for such claims, but is it too...
Persistent link: https://www.econbiz.de/10013031091
Assets are an important means of coping with adverse events in developing countries but the role of gendered ownership … of assets, but relative ownership varies by type of asset. Controlling for unobserved heterogeneity across households and …
Persistent link: https://www.econbiz.de/10010390099
, inside ownership, and the marginal cost of capital. We discuss implications for the determinants of firm size, the …We investigate the cost of capital in a model with an agency conflict between inside managers and outside shareholders …. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs …
Persistent link: https://www.econbiz.de/10011623466
unbundling are still advantageous when we allow for discriminatory capacity investments, investments into marginal cost reduction …
Persistent link: https://www.econbiz.de/10010264909
imperfections in legal unbundling (keeping ownership fixed) generally increases total output. Increasing the incumbent's ownership …, higher ownership shares of the downstream incumbent may sometimes lead to lower degrees of imperfections. Our analysis … suggests that consumers may benefit most from legal unbundling with strong regulation and parts of ownership given to a …
Persistent link: https://www.econbiz.de/10010264910
. Thereby, a multitude of originary family variables represent most aspects of family ownership, control, and management …
Persistent link: https://www.econbiz.de/10009482315
Germany is known for its family-owned businesses that transfer ownership across generations. However, business owners … institutionalized way private ownership of businesses is transferred. In this paper, we analyze and explain this fundamental change in … German family capitalism since the 1990s. Drawing on a sociology of ownership, we view family succession as a transfer regime …
Persistent link: https://www.econbiz.de/10014456422
The objective of our study was to evaluate the efficiency of public, private for-profit, and private non-profit hospitals in Germany. First, bootstrapped data envelopment analysis (DEA) was used to evaluate the efficiency of a panel (n = 1,046) of public, private for-profit, and private...
Persistent link: https://www.econbiz.de/10010421342
, inside ownership, and the marginal cost of capital. We discuss implications for the determinants of firm size, the …We investigate the cost of capital in a model with an agency conflict between inside managers and outside shareholders …. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs …
Persistent link: https://www.econbiz.de/10011506547