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The capital structure of firms that face restrictions on liquidity (i.e. that cannot hedge continuously) is affected by the agency costs and moral-hazard implicit in the contracts they establish with stockholders and customers. It is demonstrated in this paper that then an optimal level of...
Persistent link: https://www.econbiz.de/10013159445
context of globalization. We propose to find the place of the means of transport industry in the processing industry sector …
Persistent link: https://www.econbiz.de/10005835951
discusses the nature of services, their distinction from products, and their categorization. It provides an overview of India … growth potentials. Based on this evidence, it appears that India’s manufacturing sector development may have been constrained … of different growth paths, the challenges of education and manpower training to support and sustain India’s development …
Persistent link: https://www.econbiz.de/10005786966
The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
The demand for cash balances of financial intermediaries that establish contractual liabilities with credit-sensitive customers is characterized. As stated by Merton, the success of the business activities of such firms crucially depends on their credit quality, and hence, they are obliged to...
Persistent link: https://www.econbiz.de/10013160192
traces its linkages with the agrarian sector. It uses the context of two developing economies, India and Kenya that were …
Persistent link: https://www.econbiz.de/10008833279
India have put the whole SSI sector into hot water. This is purely because of policy of liberalization and Globalization put …In the aftermath of globalization it is now, perhaps, industry alone – especially small scale industry – that holds the …
Persistent link: https://www.econbiz.de/10011259156
India and China are without doubt two superpowers in becoming, as they jointly own 40% of the world’s population and … economic development of states in the globalization era relies decisively on the evolution of political interests games at … present in the following some recent economic earmarks of India’s, respectively China’s development, as well as, in conclusion …
Persistent link: https://www.econbiz.de/10011259988
In his Inquiry into the Nature and Causes of the Wealth of Nations Adam Smith (1776) considered the phenomenon of division of labor so enormously significant for the creation of a nation’s wealth that he devoted the first three chapters of his book to an investigation of this process. This is...
Persistent link: https://www.econbiz.de/10008596380
India brought about by liberalization and globalization of the economy. Structural changes in terms of employment of labour …In 1991 India chose to open her economy and formulated the New Economic Policy (NEP). Under the structural adjustment … substitution of capital for labour in almost all states. In the pre-globalization period the industries experienced increasing …
Persistent link: https://www.econbiz.de/10005619394