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equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit … profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit …-tax country induces bunching. Such bunching promotes investment incentives in the low-tax as well as the high-tax country. In …
Persistent link: https://www.econbiz.de/10011794726
This paper analyses the stochastic behaviour of Private Equity returns (a measure of profitability) applying fractional … (US, Europe, Asia/Pacific, the Rest of the World and the Total) and investment types (Buyout & Growth Equity, Venture …. Differences are also found in the results by asset class. The implications of these findings for private equity management, profit …
Persistent link: https://www.econbiz.de/10013285647
We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …
Persistent link: https://www.econbiz.de/10012263696
profits. The discontinuity in the profit distribution is (i) more pronounced amid greater political or public pressure, the …. These findings indicate that profitability concerns, while absent from standard theoretical models of central banking, are …
Persistent link: https://www.econbiz.de/10011672490
China's currency policy has been criticized for its apparent pursuit of mercantile advantage by artificially stimulating exports, which potentially have adverse effects on other economies. While China's currency policy may have positive output effects, there may be additional profits or losses....
Persistent link: https://www.econbiz.de/10010227253
and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin … exhaustion of investment possibilities, but from an overly loose central bank monetary policy that keeps zombie banks and their …
Persistent link: https://www.econbiz.de/10011653595
supports the prediction - unique to our model - that the cost of the signal is foregone investment opportunities. We conclude …
Persistent link: https://www.econbiz.de/10011754236
macroeconomic adjustment, general market deregulation, and promotion of private investment in the provision of public infrastructure …
Persistent link: https://www.econbiz.de/10011507688
A novel method is applied to evaluate the effect of capital constraints on entrepreneurial performance on a panel of 1,000 Dutch entrepreneurs. We find that initial capital constraints hinder entrepreneurs in their performance, even when we control for various human capital and other factors...
Persistent link: https://www.econbiz.de/10011506454
firms take excessive risk, average enterprise profitability decreases, while bankruptcy increases. Moreover, large firms …
Persistent link: https://www.econbiz.de/10011539048