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This paper investigates the determinants of vertical integration. We first derive a number of predictions regarding the relationship between technology intensity and vertical integration from a simple model with nancial imperfections andincomplete contracts. Then, we investigate these...
Persistent link: https://www.econbiz.de/10005857773
Theories of investment suggest that the option value of waiting to invest is significant in many branches of economics, where investment is irreversible. The existing literature has generally failed to account for the general equilibrium feedback effects of lumpy investments on optimal...
Persistent link: https://www.econbiz.de/10005858793
Innerhalb des Bankmanagements hat die sogenannte Marktzinsmethode zentrale Bedeutung erlangt. Der Vorschlag, diesen Ansatz auch auf die Analyse betrieblicher Realinvestitionen zu übertragen, liess eine Grundsatzdiskussion über die Zweckmäßigkeit eines solchen Vorgehens entstehen...
Persistent link: https://www.econbiz.de/10005857045