Showing 1 - 10 of 598
We show that the standard analysis of vertical relationships transposes directly to investment dynamics. Thus, when a firm undertaking a project requires an outside supplier (e.g., an equipment manufacturer) to provide it with a discrete input to serve a growing but uncertain demand, and if the...
Persistent link: https://www.econbiz.de/10011108898
Drawing on insights from corporate finance and personnel economics, we show that firms consider potential employees using a real options approach, much as they do when making other types of capital investment decisions. Theoretically we find that firms’ hiring decisions are influenced by the...
Persistent link: https://www.econbiz.de/10011258449
negative part of the risk and hold cash to hedge against it. Second, cash balances are held to use chances that are created by … the positive part of the risk equation. Next, cash balances are the result of the operating needs of the firm. In this … article, we analyze the relation between these types of cash balances and risk. This article also contains propositions for …
Persistent link: https://www.econbiz.de/10005789659
Education has long been recognized as a central element in development. The human capital formation is receiving increased attention from policy makers and scholars in different parts of the world particularly in developing countries. Eritrea is a newly born nation in Africa and is striving hard...
Persistent link: https://www.econbiz.de/10005836463
This paper considers the effects of the local human capital level and the presence of higher education institutions on the quality of life in U.S. metropolitan areas. The local human capital level is measured by the share of adults with a college degree, and the relative importance of higher...
Persistent link: https://www.econbiz.de/10008833297
In this paper, we test whether economic growth depends on human capital development using data disaggregated at territorial level and propose the use of efficiency estimates, measured using a non-parametric technique, as an alternative quality measure of higher education institutions (HEIs). The...
Persistent link: https://www.econbiz.de/10011110690
The paper presents results of a study which estimates the impact of human capital on growth in Bulgaria over the period 2000-12. The empirical models are based on the extended Cobb-Douglas production with three inputs ─ labor, physical capital and human capital. Export and Foreign Direct...
Persistent link: https://www.econbiz.de/10011110835
Education has long been recognized as a central element in development. The human capital formation is receiving increased attention from policy makers and scholars in different parts of the world particularly in developing countries. Eritrea is a newly born nation in Africa and is striving hard...
Persistent link: https://www.econbiz.de/10005789784
Article about the features of investment in human capital. Explore different areas of investment in human capital, and also addresses the problems associated with investing in human capital and ways to solve them. The author proves the thesis futile investment in human capital and labor without...
Persistent link: https://www.econbiz.de/10011113729
Alcohol policies encounter major problems because of the lack of consensus within and between jurisdictions. Tools that economists have developed in other contexts may be of use in addressing these problems. The consensus between neighboring jurisdictions can be facilitated when a jurisdiction...
Persistent link: https://www.econbiz.de/10008552796