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Baker and Wurgler (2002) define a new theory of capital structure. In this theory capital structure evolves as the … cumulative outcome of past attempts to time the equity market. Baker and Wurgler extend market timing theory to long-term capital …. The results are consistent with the equity market timing theory of capital structure. The results also indicate that a …
Persistent link: https://www.econbiz.de/10009475093
The study is based on a questionnaire survey of 117 Irish software firms. It finds no systematic relation between product lead time and acquisition of first external funds in new technology-based firms (NTBFs). Contrary to the stage model's predictions, these firms are just as likely to secure...
Persistent link: https://www.econbiz.de/10009475708
Using a sample of 117 Irish software companies, we examine the capital structure of new technology-based firms … outside equity to debt. The dearth of debt in the capital structure of new technology-based firms cannot be wholly explained …
Persistent link: https://www.econbiz.de/10009475710
The importance of collaboration for firm level innovation has been well established but much of the research focuses on large firms, with little research on small and medium enterprises. This paper investigates the links between product innovation and external collaboration and between future...
Persistent link: https://www.econbiz.de/10009438201
This study investigates small firm internationalisation from an individual owner-manager’s perspective. Despite advancing our understanding of small firm internationalisation, process-based theories including the Uppsala, innovation-related and networks explanations, and more recently...
Persistent link: https://www.econbiz.de/10009448675
The research presented here addresses the following problems that we perceive in research on the development of young firms. First, we feel there is a lack of holistic, yet quantifiable and generalizable ways to assess the state of newly started firms. Quantitative research typically relies on...
Persistent link: https://www.econbiz.de/10009483455
domestic geothermal industry today is emaciated. As a result of the capital intensive nature of geothermal development, the …
Persistent link: https://www.econbiz.de/10009435413
&E doing to obtain capacity for its existing and future customers? At the present time, most of SDG&E's capital expenditure for …
Persistent link: https://www.econbiz.de/10009435414
This Deliverable No. 18b - Capital and Operating Cost Estimates includes a detailed presentation of the 12,500 BPD coal …-to-methanol-to-gasoline plant from the standpoint of capital, preoperations, start-up and operations cost estimation. The base capital cost estimate … in June 1982 dollars was prepared by the Ralph M. Parsons Company under the direction of Grace. The escalated capital …
Persistent link: https://www.econbiz.de/10009435425
Total Flow and double flash systems have capital costs of $1,135 and $1,026 /kW with energy costs of 40.9 and 39.7 mills … flash binary system, with capital cost of $1,343 /kW and energy cost of 46.9 mills/kW h, is significantly more expensive. If …
Persistent link: https://www.econbiz.de/10009435471