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assumption shapes the main propositions of the theory of corporate finance but also, in a more general sense, determines which … topics in finance attract the attention of researchers and therefore are a topic of the theory. During the first two phases …This article discusses how the German and the international academic debates about corporate finance developed in the …
Persistent link: https://www.econbiz.de/10012237619
The motivation for this research enquiry is to identify the role of the business age, size and risk for the choice of debt financing in the textile and apparel sector of Pakistan along with other controlled factors. The textile and apparel sector of Pakistan comprises 464 listed entities as the...
Persistent link: https://www.econbiz.de/10013466263
value theory (EVT) followed closely by the filtered historical simulation (FHS) are highly accurate methodologies. In …
Persistent link: https://www.econbiz.de/10014001439
financial economics shows that these books are based on promoting Irving Fisher's (1906) specific theory of the organization …, which advocates that organizations exist to create wealth for their owners/shareholders. This theory has three key premises …
Persistent link: https://www.econbiz.de/10011995313
beneficiaries in Kwara State, Nigeria. The study was posited on the empowerment theory. A survey was carried out employing the …
Persistent link: https://www.econbiz.de/10013366720
contributions in entrepreneurship economics and point to areas for future research. Baumol contributed an impressive number of … important insights, increasing our understanding of entrepreneurship from both a macro and a micro perspective. He also devoted …, unproductive, and destructive entrepreneurship and his associated idea that the institutional framework, "the rules of the game …
Persistent link: https://www.econbiz.de/10012703455
We review and evaluate some recent contributions on the modeling of entrepreneurship within a neoclassical framework … describe it. However, each modeling attempt focuses only on one specific feature of entrepreneurship. The entrepreneurial … highlight how a simplistic interpretation of the existing mainstream approaches incorporating entrepreneurship runs the risk of …
Persistent link: https://www.econbiz.de/10010281398
. This paper takes a complementary, comparative approach, examining theory development in the natural sciences. Examples show … process occurring over a long timescale. Models are typically nested within this broader theory. This could be a good model … examples of good practice in economics are noted, e.g. involving money and banking, and the growth of the state. On the other …
Persistent link: https://www.econbiz.de/10011988714
increase in government bond offerings to finance ballooning fiscal deficits. As the volume of government bonds owned by private … also plays a key role in Modern Monetary Theory (MMT), the concept of helicopter money and the idea of permanent monetary … finance. This article subjects key aspects of MMT to critical examination and shows, using MMT's own balance sheet analysis …
Persistent link: https://www.econbiz.de/10014522624
The Fisher relation played a very different role in debates surrounding the Great Depression and the more recent Great Recession. This paper explores some of these differences, and suggests an explanation for them derived from a sketch of the idea's evolution between the two events, thus...
Persistent link: https://www.econbiz.de/10010291897