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Persistent link: https://www.econbiz.de/10003409699
This paper reviews corporate investment decisions under risk. Various situations are discussed such as that of a single … entrepreneur or that of several owners. In addition, tradable securities may or may not exist. If such trade exists, investment … risks can be hedged . But securities can be purchased for investment purposes, too; thus trade in securities does not …
Persistent link: https://www.econbiz.de/10009500007
The economic and financial crisis in Europe is affecting the financing of long-term infrastructure investment. There … are multiple clearly identifiable channels: reduced demand for long-term investment, a tightening prudential framework for … investment demand, correction of pricing of risk). Consequently, public policy instruments should not address the accessibility …
Persistent link: https://www.econbiz.de/10009733786
between business formation and medium run growth. An investment externality is identified that results in underaccumulation of … capital in the decentralized market equilibrium and, thus, creates an investment multiplier. Some form of investment promotion … is called for. The paper compares the effectiveness of policies to promote business formation with a general investment …
Persistent link: https://www.econbiz.de/10009693158
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. Therefore, in an inflationary period generous tax depreciation provisions do not promote private investment as designed, but …
Persistent link: https://www.econbiz.de/10011514138
Persistent link: https://www.econbiz.de/10001737591
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. This paper analyses the investment incentives of such agents and the role of incumbency advantages in the contest …. Depending on the advantages, an increase in the productivity of the investment can decrease or increase the amount of investment …. The results are applied to autocrats' investment behavior and job specific investment in organizations. …
Persistent link: https://www.econbiz.de/10011409735
options theory since the shadow revenue records the economic value of the investment by deducting the option premium of …This paper solves the irreversible investment decision problem under uncertainty by a new real options method. It … yields a Shadow Net Present Value rule such that the investment is triggered only when the shadow revenue of the investment …
Persistent link: https://www.econbiz.de/10003421142