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...

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...

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...

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...

This report attempts to provide a comprehensive analysis of the state of water resource development and management in India, based on secondary information. It maps the current challenges and suggests feasible alternatives amidst increasing water scarcity and disenfranchisement of resource bases...

All too often blinded by the dazzle of development people and planners do not see the trail of destruction that accompanies new initiatives. It need not be that way. As the case of Adani Ports and SEZ in Mundra, Gujarat shows it is possible for a vigilant environmental movement backing popular...

The environmental Kuznets curve (EKC) hypothesis is revisited using 1987-1995 data for Chinese provinces.