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Abstract This paper studies the dynamics of the IPO (Initial Public Offering) market and its effect on real investment decisions in emerging industries. We first propose a model of IPOs cycle based on divergence of opinion among investors and short-sale constraints. Using a real option...
Persistent link: https://www.econbiz.de/10011073026
outlook for the risk evaluation in investment choice. Measurement tools form the main development in investment literature …
Persistent link: https://www.econbiz.de/10011073128
This paper contributes to research on organizational slack. The slacks integrated into capital expenditure have been little studied. The economic crisis in 2008-2009 represents a good opportunity to analyze these slacks. A longitudinal case study has been carried out in an industrial company...
Persistent link: https://www.econbiz.de/10011166554
This paper contributes to literature by giving more precise measures to technological innovation in order to estimate its economic value and assess its impact on the financial performance of companies in Europe. Focus is given to European patent system which is different from the American one....
Persistent link: https://www.econbiz.de/10011269168
In this paper, we develop a dynamic model that captures the interaction between a firm’s cash reserves, the risk …
Persistent link: https://www.econbiz.de/10011082467
Information risk – the uncertainty regarding the parameters of the distribution of firms’ future cash flows – generates … valuation errors and is costly to investors who require a higher return to compensate for greater information risk. We argue … that, on average, through their impairment-testing disclosures managers convey information that reduces information risk …
Persistent link: https://www.econbiz.de/10011122227
Mutual funds industry has been sought by French politicians as mediation between the popular savings and company’s investments through the financial markets. Questioning the link between finance and industry requires analyzing the effectiveness of this mediation. This article intends firstly...
Persistent link: https://www.econbiz.de/10011199615
elaborated with legitimacy theory, more precisely with Suchman’s (1995) typology. The methodological data collection is based on …
Persistent link: https://www.econbiz.de/10010733990
Persistent link: https://www.econbiz.de/10010861359
Persistent link: https://www.econbiz.de/10010905179