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Our purpose is to explore an alternative way to give new foundations to the theory of corporate finance and governance. The definition we give of corporate finance considers capital-budgeting as central. The shortcomings of the contract theory of the firm result in proposing new foundations to...
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to U.S. domestic investment data illustrates the method. Dans cet article, nous proposons des procédures d …
Persistent link: https://www.econbiz.de/10005100872
It is widely recognized that machinery and equipment investment intensity is less in Canada than in the United States …. What is less well know is that it is information and communications technology (ICT) investment that largely accounts for … this gap. The author documents trends in ICT investment in both Canada and the United States and attempts to explain why …
Persistent link: https://www.econbiz.de/10005650253
Investment of French firms remained weak in the first part of the 90's, after allowing for the sluggish economic growth … fluctuations. We first describe the evolution of investment using a large panel of French firms, distinguishing the size and the … industry. We afterwards estimate an investment equation which enables us to check whether these firms were subject to financial …
Persistent link: https://www.econbiz.de/10009001105
The longitudinal study of 13 investment decisions in the French aluminium industry, from 1890 to 1990, offers a new … outlook for the risk evaluation in investment choice. Measurement tools form the main development in investment literature …
Persistent link: https://www.econbiz.de/10008551665
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