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Illiquidity and Under-Valuation of Firms

Gale, Douglas M. - 2012

We study a competitive model in which market incompleteness implies that debt-financed firms may default in some states of nature and default may lead to the sale of the firms' assets at fire sale prices when markets are illiquid. This incompleteness is the only friction in the model and the...

Persistent link: https://www.econbiz.de/10013116475

Investment efficiency and audit fee from the perspective of the role of financial distress

Ghafourian Shagerdi, Amir; Mahdavipour, Ali; … - In: European research studies 23 (2020) 1, pp. 318-333

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Typology of activities and their impact on business management : Polish perspective

Kuklewska, Daria - In: European research studies 24 (2021) 5, pp. 544-551

Persistent link: https://www.econbiz.de/10012807102

Efficiency of managerial control systems : the optimal model

Chuvashlova, M.; Nikolaev, V. - In: European research studies 21 (2018) 3, pp. 675-689

Persistent link: https://www.econbiz.de/10012220480

Determinants of management efficiency using it systems in the context of regionally dispersed construction enterprises in Poland

Romańczuk, Michał; Król-Smetak, Dominika; St̨pień, … - In: European research studies 26 (2023) 4, pp. 960-972

Persistent link: https://www.econbiz.de/10014533306