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To be relevant to a firm a real option needs to fit into a theory of the firm explaining its existence, exercise conditions and value. We make a step toward an option based-theory of the firm by describing the emergence of a firm’s options and the strategic building of new competences for...
Persistent link: https://www.econbiz.de/10005125059
The financial systems in continental Europe are subject to profound changes in the institutions of market exchange. Banks traditionally holding close relationships with firms are substituted by non-bank institutional investors. The present paper examines whether this implies a substitution of...
Persistent link: https://www.econbiz.de/10005134668
The financial systems in continental Europe are subject to profound changes in the institutions of market exchange. Banks traditionally holding close relationships with firms are substituted by non-bank institutional investors. The present paper examines whether this implies a substitution of...
Persistent link: https://www.econbiz.de/10005134829
Transaction Costs Theory has been considered the 'new orthodoxy' in the theory of the firm, being this the very same reason for wide criticism by different schools of economic thought. However, there seems to be signs of complementarity between TCT and evolutionary approaches to the firm. Some...
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Industrial disposal of effluents on land and subsequent pollution of groundwater and soil of surrounding farmlands is a … effluents on land, which has limited capacity to assimilate the pollution load, has led to groundwater pollution. Ground water … and/or river water the impact of pollution on livelihood was minimised. Since the local administration is supplying …
Persistent link: https://www.econbiz.de/10009363651
industrial (waste water and dust) pollution. Auxiliary regressions show that conditional on income, northern provinces have lower … industrial waste water pollution; non-coastal and provinces with smaller secondary industry shares have lower industrial (waste … water, COD, and dust) pollution; provinces with smaller state-owned enterprises share have lower industrial COD pollution …
Persistent link: https://www.econbiz.de/10009365297
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