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neutrality and risk aversion for irreversible investment projects. Integrating taxes into real option theory, it can be shown …Summary This article investigates the derivation of post-tax investment rules and neutral tax systems under risk … that the possible approaches dynamic programming and contingent claims analysis yield identical investment rules under risk …
Persistent link: https://www.econbiz.de/10014609028
Protectionism constitutes a double threat. It can make recovery from the recession slower and reduce the growth potential of the international economy once recovery has taken hold.
Persistent link: https://www.econbiz.de/10015360091
offer a generalized theory. Suggests that this can best be effected at the level of middle range theory based on analysis of … theory, that supplies four distinct, exclusive and archetypal workplace structures. Each is associated with a distinct … the four archetypes. Their incumbent attitudes to risk are delineated, as are their typical patterns of industrial …
Persistent link: https://www.econbiz.de/10014888417
Purpose – The purpose of this paper is to investigate the sensitivity of firm value to exchange rate (ER) movements, and the determinants of such exposure for 100 European blue chip companies over 2001-2012. Design/methodology/approach – The authors adopt a disaggregated framework that...
Persistent link: https://www.econbiz.de/10014864045
Purpose This study aims to analyze exchange rate risks and the choice of exchange rate policies in a small open economy indebted in foreign currency, incorporating the financial accelerator mechanism. Design/methodology/approach To examine discussions on the fear of floating, this study develops...
Persistent link: https://www.econbiz.de/10014867152
exchange rate hedging. Companies more exposed to climate change may invest significant resources to address climate change risk …, such that they have fewer resources available for currency risk management. Additionally, firms seriously coping with … climate change risk may view exchange rate risk as relatively less important in comparison to the risk posed by climate change …
Persistent link: https://www.econbiz.de/10015348830
Negotiation is crucial to business alliances, but this process can become more complicated if there are language barriers and differences in cultural values, customs, and lifestyles, such as Western businesses negotiating in the People’s Republic of China (PRC). Previous studies have presented...
Persistent link: https://www.econbiz.de/10014692533
-seller negotiations in the industrial goods sector; formulate propositions predicting behaviors of empowered buyers, avoidant buyers and …-seller negotiations and communication in industrial buyer-seller bargaining interactions. Findings – The more expensive an industrial …
Persistent link: https://www.econbiz.de/10014991290
Persistent link: https://www.econbiz.de/10014757387
negotiations in the procurement stage. Findings – The critical events show that problems of understanding arise due to risk … the project context are behind the development of problems of understanding. Practical implications – Negotiations develop …
Persistent link: https://www.econbiz.de/10014786791