Financial arrangements determine how and the amount of financing that can be obtained from fund providers. An optimal allocation between equity and debt is determined by the trade-off between the net tax advantage of additional corporate leverage and the costs associated with the increased...

In this work we analyse to what degree the efficiency of a publicly owned non-monopolistic enterprise improves as a result of the introduction of strategic organizational reforms consisting of adopting "private-firm-like" management practices, criteria, and governance structure; i.e....

Decisions relating to working capital involve managing relationships between a firm's short-term assets and liabilities to ensure a firm is able to continue its operations, and have sufficient cash flows to satisfy both maturing short-term debts and upcoming operational expenses at minimal...

The aim of this paper is to empirically analyze the effect of financial constraint, information asymetry on the firm investment. On the basis of a data relating to 394 Tunisian firms observed over the period 2001-2008 and by adopting the panel data method, our findings show that the effect of...

This paper analyzes entry deterrence strategies at sequential multi-unit Englishtype repeated auctions, motivated by entry deterrence observed at a series of yearly auctions of fishing rights occurring since the early 1990s in the Chilean Sea Bass industrial fishery. It analyzes parametric...

Within economic policies tax incentive policies have always had a serious significance in establishing stability and encouraging investments. After 1980 in Turkey, together with the globalisation process experienced in the World, fundamental changes have been made in economic policy...

Deriving a functional form for a series of prices over time is difficult. It is common to assume some linearly estimable form for prediction purposes. While this can produce accurate short run forecasts it fails to identify longer trends and patterns that may exist in financial data....

The purpose of this paper is to analyse the effects of economic integration among countries on firms investment decisions when such decisions are taken strategically. It is shown that, in this context, the traditional "tariff jumping" argument is not always applicable and that localisation...

Most of Business Excellence – Total Quality models provide a static view and processing of Total Quality issues. This paper proposes a system of Business Excellence taking into consideration: current European practices of Total Quality and competitiveness, a modular, open architecture like...