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This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital … for UK manufacturing over 80 quarters we show that capital constraints became relatively more important during the 1980s … as industry failed to match the increase in labour flexibility with rising capital investment. …
Persistent link: https://www.econbiz.de/10010295309
In contrast to earlier field studies, we survey German public savings banks on their management of capital. We find … that the most important determinants of the savings banks? target capital ratio are risk aversion, the desired credit … growth and profitability. Savings banks prefer to manage the level of capital rather than the level of riskweighted assets in …
Persistent link: https://www.econbiz.de/10010297475
the consequence of the occurrence of credit rationing on farmer's capital accumulation, investment and supply. The method … discount rate. Finally, if the uncertainty is introduced, then the level of investment spending and capital accumulation is …
Persistent link: https://www.econbiz.de/10010299356
interactions associated with the movement of capital and polluting activities from one economy to another. We use a simple … dynamical model describing capital accumulation along the lines of a fixed-savings-ratio Solow-type model capable of producing … or regions. The basic mechanism underlying the movements of capital across space is the quest for locations where the …
Persistent link: https://www.econbiz.de/10011307306
This study reports results of a nationwide survey on overall working capital policy of small manufacturing firms. The … form queried firms on their overall working capital policies as well as on the management of the components of working … capital. Statistically significant measures of association between working capital policies and tools were found among many of …
Persistent link: https://www.econbiz.de/10011310290
Since 1984 Informal Venture Networks (VCNs) have been formed and are currently operating in several states and Canada. However, little has been written in regard to the performance of these networks. This article presents the results of preliminary research concerning their performance. Our...
Persistent link: https://www.econbiz.de/10011310291
Capital structure choices and preferences in small, rapidly growing corporations are examined. As much of capital …, information asymmetries) a survey was designed in an attempt to gauge the relevance of several theories of capital structure. The …. Analysis of the responses indicates that tax factors and management preferences have major impacts on capital structure …
Persistent link: https://www.econbiz.de/10011310298
A simple single-period model of entrepreneurial capital structure choice under conditions of informational asymmetry is … to reduce the amount of effort he exerts. However, by astute choice of capital structure, the entrepreneur can mitigate …. This explains the predominance of debt in the capital structures of small firms. …
Persistent link: https://www.econbiz.de/10011310307
The research in small firms financing is characterized by a lack of a theoretical framework. One basic assumption in this study is that agency theory can provide an essential framework to explain the interaction between informal and formal venture capitalists and their portfolio firms. Five...
Persistent link: https://www.econbiz.de/10011310320
The stock market return and the risk of 33 quoted European venture capital companies during the period 1977-1991 are … significantly lower than zero. When interpreting these results, one has to take into account that most shares of venture capital … can expect in the future, may be higher than in the past. Venture capital companies that are specialized in a specific …
Persistent link: https://www.econbiz.de/10011310331