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The key contribution of this paper is an empirical examination of the financial growth life cycle model by combining a number of statistical tests. This approach is significantly different to that traditionally adopted in empirical investigations of SME financing, which is to examine the...
Persistent link: https://www.econbiz.de/10011184604
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
researchers pay a particular attention to banking governance. Specifically, shareholders-managers’ convergence of interests and … negative effect on performance. The results also reveal that managers lack control while the board of directors seems to exert …
Persistent link: https://www.econbiz.de/10008694021
This paper provides an extended framework to study general equilibrium theory with commodity spaces possibly of infinite dimensions. Our approach overcomes some difficulties found in the literature since it allows the study of the equilibrium when consumption sets may have an empty interior. It...
Persistent link: https://www.econbiz.de/10011107491
This work extends the Sard-Smale Theorem to maps between convex subsets of Banach spaces that may have an empty interior.
Persistent link: https://www.econbiz.de/10011113880
The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...
Persistent link: https://www.econbiz.de/10009220107
The paper addresses the ambiguity that surrounds the conception of capital and its role in neoclassical price-and-distribution theory. The difficulties encountered in the various attempts to define the marginal product either of capital or of a capital good are recalled and the conclusion is...
Persistent link: https://www.econbiz.de/10011240420
This paper relates to the implications of transaction costs in Ronald Coase. The economics of transaction costs (TCE) is a first-order theoretical framework for understanding both the constraints to the development of the company to warn gaps in current public policy developments with important...
Persistent link: https://www.econbiz.de/10011110515
. The so-called golden salaries of top managers raised a number of critical questions: considering the present economic … recession is it correct award bonuses and privileges to managers? considering the manager-performance ratio is right that … managers receive incentives even when the targets are not met? In the light of this debate the aim of this paper is to …
Persistent link: https://www.econbiz.de/10009397199
This two chapter body of work examines empirical and theoretical aspects of self-tender offers. The first chapter is an empirical study of self-tender offers. This section gives the reader an opportunity to understand some of the simple mechanics and issues regarding self-tender offers in the...
Persistent link: https://www.econbiz.de/10005619923