Lensink, Robert; Murinde, Victor; Green, Christopher J. - Faculteit Economie en Bedrijfskunde, Rijksuniversiteit … - 1999
This paper investigates the effect of demand uncertainty on the capital-labour ratio of non-financial firms in Poland in order to infer the firms’ risk behaviour. A generic model is used to characterise a utility maximising firm in a transition economy with demand uncertainty and imperfect...