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decisions such as pricing, financing, and investment are thus made strategically rather than optimally. Heterodox economists are …
Persistent link: https://www.econbiz.de/10011110282
under uncertainty on real investment performance in three emerging markets, Argentina, Mexico and Turkey. Employing a … portfolio choice model to explain the low fixed investment rates in developing countries during the 1990s, we suggest that … rather than investing on risky and irreversible long term fixed investment projects, firms may choose to invest on reversible …
Persistent link: https://www.econbiz.de/10005835617
We analyze the rise and demise of Lucent Technologies from the time that it was spun off from AT&T in April 1996 to its merger with Alcatel in December 2006. The analysis, contained in the three sections that form the body of this paper, considers three questions concerning Lucent’s...
Persistent link: https://www.econbiz.de/10008552824
failure to the financialization of the U.S. corporation. The most obvious manifestation of financialization is the phenomenon …
Persistent link: https://www.econbiz.de/10011113715
The marketplace, along with its price system, is the single most important institution in a western-style free enterprise economy. The ability of prices to adjust to changes in supply and demand conditions enables the market to function efficiently and lies behind the magical invisible hand...
Persistent link: https://www.econbiz.de/10005835391
The price system, the adjustment of prices to changes in market conditions, is the primary mechanism by which markets function and by which the three most basic questions get answered: what to produce, how much to produce and for whom to produce. To the behaviour of price and price system,...
Persistent link: https://www.econbiz.de/10005836108
This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank’s Inflation Persistence Network.
Persistent link: https://www.econbiz.de/10008777363
The paper seeks to integrate the theoretical developments in the field of imperfect competition and monopoly, and operation of the firm in such conditions, with the theories of income distribution, particularly among the macroeconomic aggregates of capital and labor. And formulating a working...
Persistent link: https://www.econbiz.de/10011108904
The M&A transactions represent a wide range of unique business optimization opportunities in the corporate transformation deals, which are usually characterized by the high level of total risk. The M&A transactions can be successfully implemented by taking to an account the size of investments,...
Persistent link: https://www.econbiz.de/10011259891
Corporate social responsibility (CSR) is in vogue in recent times. It has been widely received by socially concerned people in business, academia, and NGOs that CSR would lend support to the improvement in social welfare and the protection of environment. However, the question that whether...
Persistent link: https://www.econbiz.de/10009386700