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...

Radical changes took place with respect to several agricultural policies in Ethiopia in 1990-91. Different agricultural technologies were being delivered by several international agencies. Shifts in government policies and technological intervention would induce changes in the production...

In Romania, family farms strenghten agriculture stability wise through structural changes in multifunctional development, merchandising of vegetable products, making investments and depositing products. The family farms production structure was formed under factors like: natural environment,...

The performance of production structures in agriculture is determined by a complex of factors, the most important are: the natural potential of agricultural holdings, financial resources necessary to purchase inputs, ensuring balance in the allocation of factors of production, technical and...

This research attempts to look into how the weaknesses and shortcomings in soft and hard infrastructure have been the obstacles to the upgrading and diversification of industrial structure in Viet Nam. It is important to overview the status of key industries before examining what elements of...

The relation between work organisation and technological practices in auto industry is analysed in this article. The concept of “technological practice” in this sector is used to describe the specific ways of embedding information and communication technology applications into the...

Small and medium-sized enterprises (SMEs) play a crucial role in the Egyptian economy, in term of their contribution to the GDP and total employment. Yet, their contribution in capital formation is very limited, mainly because of the finance constraints they face. Consequently, to improve the...

It is often argued that an optimal currency area requires homogeneous regional inflation. However, previous empirical studies point out heterogeneity in sectoral inflation and geographical concentration of industries within a monetary union. It follows that there must be a difference in regional...

We set up a model of heterogeneous-producers based on the semi-rival technology to study how industrial structure transforms and different sectional productivities. In a fully market-oriented economy, the industrial structure is endogenous and sectional productivities are the same. Employing...