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time value of money in economic analysis of investment is represented in our article. The recommended phased method of … allowing for the time factor is distinguished by: • reducing investment projects’ (IP) cash flow to two evaluation aspects …: investments by investment stage completion and cash flow by maintenance completion; • allowing for investment stage fund freezing …
Persistent link: https://www.econbiz.de/10011260371
Methodologically, the recommended investment project (IP) selection system is distinguished from one in force by: new … conception allowing for time factor; evaluating IP efficiency by eventual reproduction results, not by intermediate investment … the investment success criterion. …
Persistent link: https://www.econbiz.de/10011260914
The paper suggests one of the possible approaches to formulation of structure and content of corporate strategic management theory. The paper formulates requirements to the theory of enterprise, essential for using the theory as a basis of strategic management theory structure, including...
Persistent link: https://www.econbiz.de/10009493277
The emergence of transaction cost economics (TCE) in the early 1970s with Oliver Williamson’s successful reconciliation of the so called neoclassical approach with Herbert Simon’s organizational theory can be considered an important part of the first cognitive turn in economics. The...
Persistent link: https://www.econbiz.de/10008559303
out as theories of investment decisions, profit accumulation, and the conflicting nature of income distribution. This …
Persistent link: https://www.econbiz.de/10005837341
This paper is the first part of a Marxian critique of the theory of the firm, focusing on the analysis of labour values. Starting from Adam Smith's example of the deer hunter marginal analysis is introduced, culminating in the derivation of the Labour Value Function as the supply curve of the...
Persistent link: https://www.econbiz.de/10008502745
This paper is the first part of a Marxian critique of the theory of the firm focusing on the analysis of labour values. Starting from Adam Smith's example of the deer hunter, marginal analysis is introduced culminating in the derivation of the Labour Value Function as the supply curve of the...
Persistent link: https://www.econbiz.de/10008550068
Traditional economic studies of innovation, built on the contribution of Schumpeter, cannot explain why firms of the same size and market power can show largely different innovation performances. Contrastingly, the literature on corporate governance provides some useful insights for...
Persistent link: https://www.econbiz.de/10008529324
, pricing, investment, and competition and market governance . I claim that even though there are commonalities and some minor …
Persistent link: https://www.econbiz.de/10005037742
This is an earlier draft for the introduction to the book "The theory of the growth of the firm" published by Oxford Press, 4th edition, 2009.
Persistent link: https://www.econbiz.de/10008568363