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Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...
Persistent link: https://www.econbiz.de/10003888739
Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...
Persistent link: https://www.econbiz.de/10003670939
Owners of private companies often invest a substantial share of their net worth in one company, which exposes them to idiosyncratic risk. For US companies we investigate whether owners require compensation for lack of diversification in the form of higher returns to equity. Exposure to...
Persistent link: https://www.econbiz.de/10003922530
Persistent link: https://www.econbiz.de/10002137109
incentives to invest in network infrastructure. To this end, we develop a theoretical model explaining investment incentives by …
Persistent link: https://www.econbiz.de/10011687904
This study tests for financial constraints on R&D investment and how they differ from capital investment. To identify …, measured by mark-ups, are more decisive for R&D than for capital investment. For external constraints, we find a monotonic … relationship between the level of constriction and firm size for both types of investment. Thus, external constraints turn out to …
Persistent link: https://www.econbiz.de/10003728587
zeigen wir, dass Ex-post-Verträge, die nach den Investitionsentscheidungen getroffen werden, zu einer Welt führen, in der … allerdings als Instrument zur Reduktion der Wettbewerbsintensität verwendet werden. -- Telekommunikation ; NGN ; Zugangsentgelt … ; Investition ; Innovation ; Verträge zwischen Netzbetreibern …
Persistent link: https://www.econbiz.de/10008938051
most relevant regulatory measures – that is, co-investment models as well as different types of access regulation - we … step into the right direction, the expected effects on investment incentives as well as substantial implementation …
Persistent link: https://www.econbiz.de/10011687900
Globalization has provided many companies with new opportunities for growth and efficiency. This requires them to operate successfully across cultural and social borders. These can be stumbling blocks to internationalization and have been found to cause frequent errors and delays for...
Persistent link: https://www.econbiz.de/10003383660
to initiate adequate investment incentives. Using a two-equation estimation approach, a direct competition effect (more …, simultaneously, customers’ demand for high-quality infrastructure. On the other hand, infrastructure providers carry investment risks … the direct investment effect is only partially confirmed, the analysis provides evidence for an indirect investment effect …
Persistent link: https://www.econbiz.de/10008701353