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on the benefits of the mining sector for economy-wide growth and development in Chile. This paper identifies some of the … good practice areas in mining regulation in Chile whose economy has shown strong growth over most of the last two decades … experience in regulating its mining sector and many areas where it could be well used as a model for other mineral rich economies …
Persistent link: https://www.econbiz.de/10011277122
contribution to productivity growth in natural resource industries by providing innovative exploration and development services …
Persistent link: https://www.econbiz.de/10005481830
It is discussed whether hybrid strategies are beneficial or detrimental to a firm’s performance, because hybrid strategies lead to organizational tensions that arise from the simultaneous pursuit of distinct strategic activities. However, existing studies on the relationship between hybrid...
Persistent link: https://www.econbiz.de/10008542247
In this paper we describe a richer framework characterizing the trade-off between exploration and exploitation with … growth perspectives and its asset base differently, depending on the degree of exploitation/exploration. We also show that … competitors’ R&D has important diverging effects on other firms which again depend on the degree of exploitation/exploration …
Persistent link: https://www.econbiz.de/10010818696
The paper analyzes the risk disclosure quality in the prospectus of IPOs in Germany between 2006 and 2008. Quality of risk information is measured as precision and comprehensibility. The relationship between risk disclosure quality and earnings power is tested.
Persistent link: https://www.econbiz.de/10008479034
We model the durations between firms’ “Initial Public Offerings” (IPOs) and their subsequent “Seasoned Equity Offerings” (SEOs) in China during the period from 1 January 2001 to 1 July 2006. Duration analysis is applied by using the nonparametric Kaplan-Meier estimator of the hazard...
Persistent link: https://www.econbiz.de/10005020527
Persistent link: https://www.econbiz.de/10004998728
This paper shows that obligations from debt hinder tacit collusion if equity owners are protected by limited liability. In contrast to its advantageous commitment value in short-run competition, leverage reduces profits from infinite interaction. Contrasting uncorrelated shocks with a cyclical...
Persistent link: https://www.econbiz.de/10009151418
In einem kürzlich erschienenen ZfB-Beitrag schlagen Förster et al. eine Vorgehensweise für die Erfassung der Zinsschranke und ihrer Wirkung auf die zinsinduzierte Steuerersparnis vor. Dieser Beitrag nimmt kritisch dazu Stellung: Es wird gezeigt, dass die dort abgeleiteten Formeln für die...
Persistent link: https://www.econbiz.de/10009004777
Persistent link: https://www.econbiz.de/10010966354