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financing. Sequential financing helps control over-investment incentives, that can arise if financing is provided prior to an … helping to control the over-investment incentive. Evidence of important investment and financing activity around the time …
Persistent link: https://www.econbiz.de/10005775766
The paper offers theoretical and empirical insights into the links between banks and firms in industrial districts ans to the way way investment is financed. The conclusion is that the rise of district banking localism cannot be taken for granted and that industrial districts do not seem...
Persistent link: https://www.econbiz.de/10005780683
business decisions, risk management, control that set the economic path of the company is mandatory for proving that the …
Persistent link: https://www.econbiz.de/10011268713
We study how the ownership and control structures may explain investment decisions of Mexican manufacturing firms. We … claim that agency costs, as a measure of the separation of management and control, and firms` size can explain investment … decisions. Furthermore the estimations support the necessity to include investment opportunities and cash flow as control …
Persistent link: https://www.econbiz.de/10008646768
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This paper investigates how family ownership, control, and management affect firms’ investment performance. We use the …
Persistent link: https://www.econbiz.de/10008563369
We study selection contests in which the strategic variable is degree of risk rather than amount of effort. The selection efficiency of such contests is examined. We show that the selection efficiency of a contest may be improved by limiting the competition in two ways; a) by having a small...
Persistent link: https://www.econbiz.de/10005783666
This article presents some of the findings of a large panel study, conducted form 1992 to 1994. The article focuses on the generic strategies that appear to attract Cameroonian firms and the relationship between strategy and performance.
Persistent link: https://www.econbiz.de/10005035758
This paper takes a sample of Australian listed equities of companies which changed their name in the period 1/1/1990 to 31/12/1994. This sample known as the tota sample group. Two other samples were also formed based on whether the name change was major or minor, and whether at the time or...
Persistent link: https://www.econbiz.de/10005675299