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investment in firm-specific cost reduction. They earn negative net profit in early periods, compensated later by strictlypositive …
Persistent link: https://www.econbiz.de/10011255543
investment in research and development and the growth rate of theeconomy. …
Persistent link: https://www.econbiz.de/10011256370
Which signals are important in gaining attention in science? For a group of 1,371 scientific articles published in 17 demography journals in the years 1990-1992 we track their influence and discern which signals are important in receiving citations. Three types of signals are examined: the...
Persistent link: https://www.econbiz.de/10011257178
This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network structures. We use longitudinal data of interfirm R&D collaborations in the biopharmaceutical industry in which a new technological regime is established. Our findings suggest...
Persistent link: https://www.econbiz.de/10011257059
This paper studies the diffusion of multiple, related technologies among firms. The results suggest an endogenous acceleration mechanism of technology adoption: The more advanced a firm is in using a particular set of technologies, the more likely it is to adopt additional, related technologies....
Persistent link: https://www.econbiz.de/10011256328
We allow the preference of a political majority to determine boththe corporate governance structure and the division of profits betweenhuman and financial capital. In a democratic society where financialwealth is concentrated, a political majority may prefer to restraingovernance by dispersed...
Persistent link: https://www.econbiz.de/10011255534
reduce the aggregate investment by SMEs in a more than proportional way, since it will restrict the access to credit for some … intermediated finance, coeteris paribus. In order to assess the effects of the reform on the investment of SMEs and on the cost of …
Persistent link: https://www.econbiz.de/10011255902
The survey findings indicate the existence of gap between theory and practice of capital budgeting. Standard appraisal methods have shown a wider project value discrepancy, which is beyond and above the contingency limit. In addition, the research has found the growing trend in the use of value...
Persistent link: https://www.econbiz.de/10011256495
consistently underestimate the value of project flexibility and in general lead to overly conservative investment decisions in the …
Persistent link: https://www.econbiz.de/10011256690
unhedgeable risk, time varying volatilities and endogenous exercise dates (non-European options). Investment decisions in the … markets. Finally investment decisions can be postponed or delayed, which implies an non-European option setting, for which no …
Persistent link: https://www.econbiz.de/10011257259