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Persistent link: https://www.econbiz.de/10005076908
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...
Persistent link: https://www.econbiz.de/10005412956
Persistent link: https://www.econbiz.de/10005125982
in education, (ii) the production level depends on the education level, and (iii) the pollution ia directly prportional …
Persistent link: https://www.econbiz.de/10005408298
There are significant differences in the way water rights are defined, allocated and administered in Australia and overseas. This paper includes comparisons of the arrangements for managing water rights against accepted best practice principles for South Au stralia, Queensland, NSW, Victoria...
Persistent link: https://www.econbiz.de/10005556157
. At the same time, pollution from factories appears quite harmful to infants. The overall effect was slightly higher …
Persistent link: https://www.econbiz.de/10005118693
the informal manufacturing sector creates pollution, higher the use of informal sector product, higher is the pollution … created and higher the discrepancy between actual and permissible levels of pollution, so that the emission tax payable by the … formal sector is also higher. The efficiency of a representative worker is inversely related to the level of pollution. In …
Persistent link: https://www.econbiz.de/10005118943